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Opera Building 16 W Blackwell St 9,900 SF 29% Leased Office Building Dover, NJ 07801 $2,000,000 ($202.02/SF)
Investment Highlights
- Nearly fully occupied with 12 rental units, providing immediate and reliable cash flow.
- Benefits from strong downtown foot traffic and exposure along Blackwell Street.
- Historic architecture and established tenancy create long-term value and redevelopment flexibility.
- Excellent transit-oriented location within walking distance of the Dover Train Station.
- Includes 20 private parking spaces, a significant amenity in a downtown setting.
- Suitable for investors seeking stabilized income with future upside through rent growth and tenant repositioning.
Executive Summary
16 W Blackwell Street, known as the Historic Baker Building, is a prominent mixed-use commercial property located in the heart of Downtown Dover. The three-story landmark building occupies a highly visible corner location along Blackwell Street and is situated just minutes from the Dover Train Station, providing convenient access to commuters, tenants, and customers. The property contains approximately 11,007 square feet of retail and office space and features 12 rental units that are nearly fully leased, generating stable in-place income. Additional amenities include 20 private off-street parking spaces, strong pedestrian traffic, and historic architectural character combined with modern functionality. The building is suitable for a variety of retail, office, professional service, and investment uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,900 SF
Building Class
B
Year Built
1900
Price
$2,000,000
Price Per SF
$202.02
Percent Leased
29%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,300 SF
Building FAR
2.84
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C-1 - refers to a "Neighborhood Commercial" zone, intended to provide local services and convenience shopping for residents
Parking
25 Spaces (2.53 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 2nd Floor
- 1,500 SF
- Office
- Full Build-Out
- Now
- 3rd Floor
- 200 SF
- Office
- Full Build-Out
- Now
- 3rd Floor
- 1,800 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 1,500 SF | Office | Full Build-Out | Now |
| 3rd Floor | 200 SF | Office | Full Build-Out | Now |
| 3rd Floor | 1,800 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 200 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 1,800 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 09-01217-0000-00001 | Improvements Assessment | $807,300 |
| Land Assessment | $536,300 | Total Assessment | $1,343,600 |
Property Taxes
Parcel Number
09-01217-0000-00001
Land Assessment
$536,300
Improvements Assessment
$807,300
Total Assessment
$1,343,600
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Contact the Sale Advisor
Opera Building | 16 W Blackwell St