Log In/Sign Up
Your email has been sent.
1241 College Park Dr
Dover, DE 19904
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Newly Renovated Building
- New Roof
- Modern HVAC
EXECUTIVE SUMMARY
Location Advantages:
-Access to Delaware State University (DSU): The property is within walking distance of DSU, providing a direct pipeline to the university's large, and growing, population of students, faculty, and staff. Last count was 6,451 students as of 2023.
-Proximity to Dover Air Force Base: The location's closeness to the Dover Air Force Base offers opportunities for businesses that cater to the military and defense industries. 6,400 employees
-Strong local demographics: The location is supported by a large resident population within a five-mile radius, with a strong average household income.
-High accessibility & Traffic count: The building is only a 2-min drive off N. Dupont Hwy/Route 13 off Route 13, offering excellent access to other major roads, including Route 1. Dupont Hwy/Rt 13 sees over 40,000+/- VPD.
-Central Dover amenities: The property is near several urban amenities, including the Dover Mall, hospitals, and shopping centers, which provides convenience and high foot traffic
Building-specific advantages:
-Newly renovated space: The two-story building was recently renovated by a licensed architect, with upgrades including a new roof, modern HVAC, and an updated electrical and fire suppression system. This saves tenants on repair and maintenance costs.
-Opportunity Zone location: The property is in an "Opportunity Zone," which offers potential tax benefits for investors and tenants.
-Flexible layout options: The 2-story, 12,066-square-foot has 6,030 sf per floor, which offers a flexible layout, and build-out options to meet the specific needs of a business.
Move-in readiness: For a new tenant, the newly renovated, move-in-ready space is a strong advantage.
-Access to Delaware State University (DSU): The property is within walking distance of DSU, providing a direct pipeline to the university's large, and growing, population of students, faculty, and staff. Last count was 6,451 students as of 2023.
-Proximity to Dover Air Force Base: The location's closeness to the Dover Air Force Base offers opportunities for businesses that cater to the military and defense industries. 6,400 employees
-Strong local demographics: The location is supported by a large resident population within a five-mile radius, with a strong average household income.
-High accessibility & Traffic count: The building is only a 2-min drive off N. Dupont Hwy/Route 13 off Route 13, offering excellent access to other major roads, including Route 1. Dupont Hwy/Rt 13 sees over 40,000+/- VPD.
-Central Dover amenities: The property is near several urban amenities, including the Dover Mall, hospitals, and shopping centers, which provides convenience and high foot traffic
Building-specific advantages:
-Newly renovated space: The two-story building was recently renovated by a licensed architect, with upgrades including a new roof, modern HVAC, and an updated electrical and fire suppression system. This saves tenants on repair and maintenance costs.
-Opportunity Zone location: The property is in an "Opportunity Zone," which offers potential tax benefits for investors and tenants.
-Flexible layout options: The 2-story, 12,066-square-foot has 6,030 sf per floor, which offers a flexible layout, and build-out options to meet the specific needs of a business.
Move-in readiness: For a new tenant, the newly renovated, move-in-ready space is a strong advantage.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
12,060 SF
Building Class
B
Year Built/Renovated
2000/2023
Price
$2,950,000
Price Per SF
$244.61
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,030 SF
Building FAR
0.25
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
IO - Institutional/Office: Office, Nursing Home, R&D, Places of Public Assembly, Day Cares, etc.
Parking
56 Spaces (4.64 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 2-05-06700-02-1208-000 | Improvements Assessment | $1,132,600 |
| Land Assessment | $154,400 | Total Assessment | $1,287,000 |
PROPERTY TAXES
Parcel Number
2-05-06700-02-1208-000
Land Assessment
$154,400
Improvements Assessment
$1,132,600
Total Assessment
$1,287,000
1 of 50
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
