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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!
| DAYS ON MARKET | 491 | LAST UPDATED | 2/28/2025 |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | Lewes Rehoboth Hundred (31009) |
| COUNTY | SUSSEX | STATUS | Sold |
| PROPERTY TYPE(S) | Commercial |
| School District | CAPE HENLOPEN |
|---|
| PRICE HISTORY | |
| Prior to Feb 21, '24 | $2,500,000 |
|---|---|
| Feb 21, '24 - Jun 17, '24 | $2,400,000 |
| Jun 17, '24 - Aug 16, '24 | $2,200,000 |
| Aug 16, '24 - Today | $2,000,000 |
| ADDITIONAL DETAILS | |
| AIR | Ductless, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Lewes Rehoboth Hundred (31009) |
| HEAT | Electric, Other |
| LOT | 0.33 acre(s) |
| LOT DESCRIPTION | Cleared |
| LOT DIMENSIONS | 100x142 |
| PARKING | Private, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 1395 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Jack Lingo - Lewes, sold by RE/MAX Realty Group Rehoboth
Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market.
Copyright 2025 Sussex County Association of REALTORS®, Inc.
This IDX solution is (c) Diverse Solutions 2025.
