Property Address: 65 & 57 Lake Avenue
Rehoboth Beach, Delaware 19971
Contact: Inez Conover, Owner
Contact Telephone: 302-226-3900
Contact Toll-Free: n/a
Contact Fax: n/a
Contact Email: n/a
Property URL: http://www.rehobothbandb.com
Owner(s): Inez Conover
Date Business Established: 1993
Trade Association Affiliations: Rehoboth and Sussex County licenses
Area Description: Over twenty years as a successful B&B with continuous operation in downtown Rehoboth Beach, DE. Walk to the beach, restaurants and retail.
Site Description: 65 & 67 Lake Ave consists of 13 rooms 11 with private bath and 2 with shared. Owners quarters with full bath, bedroom & kitchen. 2.5 blocks to the ocean. 14 off street parking spaces – a Rehoboth Gold Mine!
Structural Description: Property consists of two separate buildings connected by a covered patio with seating and hot tub. Total existing building sq. footage is 7054 with 10,465 sq feet of land – 103 feet frontage on Lake Ave
Offering: This property is offered at $3,250,000.00 and sold fully furnished. The B&B is grossing in excess of $400,000 per year due to repeat and new guests. Property is zoned C-3 commercial and is eligible for additional uses plus an additional approx. 2900 sq. ft. of improvements for additional or ancillary uses.
- Occupancy: Average 85% plus
- Average Daily Rate: Seasonal
- Income from Room Sales: $400,000 plus annually
- Property Taxes: $2,040 Annually city & county
- Electric: n/a
- Water and Sewer: n/a
- Gas: n/a
- Insurance: n/a