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1277 S Governors Ave
Dover, DE 19904
Retail Property For Sale
Investment Highlights
- Located in retail area with multiple medical offices in close proximity
- Zoned Business General through Kent County
- 4898 +/- Sqft with on-site parking
Executive Summary
Introducing an exceptional investment opportunity at 1277 S GOVERNORS AVE., DOVER, DE 19904. This versatile property is a 4898+/- SQFT building currently outfitted as professional office space on a prime 0.42+/- acre lot zoned for Business General through Kent County. The property has easy access to nearby retail, medical facilities, and major travel routes. There is ample on-site parking.
Offered at $649,000, this property is attractively priced at $132.50 per sqft, making it an excellent value for investors or businesses looking to establish a presence in a highly sought-after area. The seller may be willing to sale-and-lease-back from a potential investor buyer. Don't miss the opportunity to own a property that can adapt to various business needs, with the potential for customization to suit your requirements.
Offered at $649,000, this property is attractively priced at $132.50 per sqft, making it an excellent value for investors or businesses looking to establish a presence in a highly sought-after area. The seller may be willing to sale-and-lease-back from a potential investor buyer. Don't miss the opportunity to own a property that can adapt to various business needs, with the potential for customization to suit your requirements.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,898 SF
Building Class
C
Year Built/Renovated
1960/1980
Price
$649,000
Price Per SF
$132.50
Cap Rate
11.50%
NOI
$74,635
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.42 AC
Zoning
BG - General Business" district.
Parking
18 Spaces (3.67 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 2-00-08609-01-0400-000 | Improvements Assessment | $415,000 |
| Land Assessment | $123,800 | Total Assessment | $538,800 |
Property Taxes
Parcel Number
2-00-08609-01-0400-000
Land Assessment
$123,800
Improvements Assessment
$415,000
Total Assessment
$538,800
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