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419 S State St 5,200 SF 100% Leased Office Building Dover, DE 19901 $620,000 ($119.23/SF)
Investment Highlights
- Land can be used for redevelopment.
- Excellent opportunity for a office professional.
Executive Summary
A rare find! Two historical buildings joined together as one. One building is circa 1740; the other early 1900’s. The property has original hardwood floors through out. Many of the large rooms feature fireplaces that are currently sealed off but the ambiance remains. This property sits on one full acre of land in the historic district in downtown Dover zoned RGO-Residential and General Office. A site plan sketch shows an additional office building constructed showing sufficient parking spaces for the existing buildings and a new structure. The buildings do not have heat and the furnaces have been disconnected. Natural gas is out front for future hook up. This is a terrific space for a law firm or business related to the adjacent Kent County Court House.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
5,200 SF
Building Class
C
Year Built
1789
Price
$620,000
Price Per SF
$119.23
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,600 SF
Building FAR
0.12
Lot Size
1.03 AC
Opportunity Zone
Yes
Zoning
RGO - Residential General Office
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 2-05-07709-05-3100-000 | Improvements Assessment | $460,500 |
| Land Assessment | $149,900 | Total Assessment | $610,400 |
Property Taxes
Parcel Number
2-05-07709-05-3100-000
Land Assessment
$149,900
Improvements Assessment
$460,500
Total Assessment
$610,400
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419 S State St
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