164 Columbia Ave - Hospitality FOR SALE


Rehoboth Beach, DE 19971
$2,500,000 USD
302-645-2207
164 Columbia Ave, Rehoboth Beach, DE for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/45
null | Request Cap Rate

164 Columbia Ave
Rehoboth Beach, DE 19971


OVERVIEW

Calling all investors! If you’ve ever wanted to own 6 luxury efficiency apartments in the middle of Downtown Rehoboth Beach, this is your chance! The Pine Suites (formerly known as The Printz) is looking for its new owners. After being completely gutted and renovated, all units now feature a new roof, windows, doors, and flooring. The kitchens and bathrooms have also been completely updated, as well as all important systems, including HVAC, electrical, and plumbing. When we say renovated, we truly mean renovated! The ceiling has even been opened up for increased height! Located close to Grove Park, the Rehoboth Beach Farmers Market, and popular restaurants such as Dogfish Head and the Cultured Pearl, you can’t beat this location. Only a few blocks away from the ocean and the famous Rehoboth Beach boardwalk, each unit has a rental projection of $1200 per week during peak season, $11,000 for seasonal rentals, and $1,400 per month for year-round rentals. Don’t miss your chance to add these gorgeous new units to your investment portfolio. Schedule your private showing now!

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,922 USD /SF

# OF ROOMS

6

PRICE/ROOM

$416,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Printz Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,400 SF

ZONING

TN

APN/PARCEL ID

334-13.20-151.00

ASK ABOUT THIS PROPERTY

Carrie LingoJack Lingo Asset ManagementMore Info
302-645-2207

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Carrie LingoJack Lingo Asset ManagementMore Info
302-645-2207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.