Lighted Corner Intersection - Rt. 24

18924 John J. Williams Highway Rehoboth Beach, DE 19971

18924 John J. Williams Highway, Rehoboth Beach, DE, 19971
Facing north
18924 John J. Williams Highway, Rehoboth Beach, DE, 19971
FOR LEASE
Property Type:
Padsites
Last Verified:
Jan 04, 2021

Highlights

  • Corner Location at a Lighted Intersection
  • Surrounded by over a Half-Billion Dollars in recent development
  • Adjacent to a new hotel and a growing health campus
  • New apartment being built across the street

Description

Two highly visible and accessible pad-sites at this amazing location at a brand new (soon-to-be) lighted intersection to better accommodate the constantly increasing amount of traffic in front of this site and located next to a new Residence Inn by Marriot (opening June 2020) and across the street from Beebe Hospital's Health Campus. This location is strategically located just 2,000+/- feet away from Rt. 1 offering easy and convenient access at a lighted intersection in addition to a right-in right-out. The site will be delivered with entrances in place. Currently, the sites are available as a Ground Lease.

Over the next two years, between the residential, commercial, and institutional investments planned for this corridor approximately a HALF BILLION DOLLARS will have been spent in new development within a half-mile of this site. Over the last decade the state has spent about $100 Million to build two 700+ capacity schools on the same road just to the west of this site, and that is in addition to the amount DelDOT will be spending to dualize Rt. 24 highway by 2022.

Beebe Hospital is currently undergoing a $130 Million Dollar expansion directly across the street as seen in the photo’s.

In summary, these pad-sites are right in the middle of all of this growth. Surrounded by residential, hospitality, and institutional uses this is the definition of a prime location.

Strategically located at a new lighted intersection (soon to be in place) directly across from Beebe Health Campus on Rt. 24 just 2,000+/- feet from Rt. 1 Coastal Highway.

Lot Size: 1.33 acres

Units for Lease

18924 John J Williams Highway
Space Available: 57499 SF
Lease Type:
18924-2 John J Williams Highway
Space Available: 57934 SF
Lease Type:

Map of 18924 John J. Williams Highway, Rehoboth Beach, DE, 19971

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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