$ 8,000,000
-
$8,000,000
Price -
0
Bed -
0
Bath -
0
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing DSM - 3256953
Located in the heart of Rehoboth Beach, Hotel Wave presents a rare opportunity to acquire a well-positioned coastal hospitality asset on ±2.15 acres in one of Delaware’s most desirable beach markets. Situated along Airport Road, the property offers convenient access to Rehoboth Beach’s tourism drivers, including the Boardwalk, Tanger Outlets, tax-free shopping, dining, and entertainment destinations. Its proximity to major transportation corridors supports both leisure and regional demand from the greater Delmarva Peninsula and Mid-Atlantic region. The property is currently operating as a 49-room hotel and has been owner-operated for more than 12 years, demonstrating stable performance and long-term operational consistency. With limited opportunities to acquire hospitality assets in the Rehoboth Beach market, this offering presents investors with the ability to continue the existing business model or reposition the asset to capture additional value. Financial information is available upon execution of a Non-Disclosure Agreement (NDA). Recent capital improvements include approximately $1MM in renovations completed in 2022, featuring new flooring throughout, updated furniture packages, guestroom modernization, new decorative lighting, 50” televisions, new bathroom vanities, exterior repainting, renovated common areas, and a new suite conversion.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Commercial Sale
MLS ®
DESU2115584
Year Built
1996
Total Square Footage
0
Lot/Acreage
2.15
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Heat Pump(s)
- Heating: Heat Pump(s)
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 74
- Lot Dimensions: 0.00 x 0.00
- Zoning: Commercial (Sussex County)
- Roof:
- Others: Very Good
- Sewer: Public Sewer
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $17,604
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
36012 Airport Rd Rehoboth Beach, DE 19971
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
