502 5th St, Rehoboth Beach, DE 19971
- $389,900
- List Price
- $389,900
- Days on Market
- 11
- Status
- ACTIVE
- MLS#
- DESU2116402
- Lot Size (Acres)
- 0.23
- County
- Sussex
- School District
- Cape Henlopen
Property Description
Don’t miss this opportunity to own property east of Route 1 in Rehoboth Beach!h🌿. For investors or builders, the property presents additional possibilities. There is potential to re-establish the property line, remove the existing home, and construct two new homes—an excellent redevelopment opportunity in an area experiencing continued growth 📈. There is a home presently situated on both lots. It could be turned to open the second lot or removed. There is no HOA, and the property is zoned to allow manufactured homes, modular, and stick-built. Several newly constructed homes in the community are helping support increasing neighborhood value, making this an appealing option for homeowners, investors, or builders alike. The property is being sold AS IS. Public water and sewer are there. The one lot has a well.
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Additional Information
- Area
- Lewes Rehoboth Hundred (31009)
- Subdivision
- Tru Vale Acres
- Taxes
- $757
- School District
- Cape Henlopen
- Utilities
- Cable TV
- Water
- Public, Well
- Sewer
- Public Sewer
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Listing courtesy of Keller Williams Realty. Contact: (302) 360-0300