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    19 State St Dover, DE 19901

    For Sale
    Contact for pricing

    Prime Downtown Location, Flexible Lease Options

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 3,905 gross square foot (3,183 rentable) office space in historic downtown Dover offers a blend of classic charm and modern amenities. Located on S State Street, the property boasts original hardwood floors, crown molding, large windows, high-speed internet, energy-efficient lighting, and updated HVAC systems. Flexible leasing options cater to various business needs, from entire suites to individual offices or smaller spaces. Shared amenities include a break room, kitchen, and restroom. The building provides off-street parking for 20 vehicles and is ADA-compliant. Its central location offers easy access to professional offices, Dover Green, and numerous dining and service options. The lease is a gross lease, encompassing utilities (water, sewer, electricity, gas, and trash removal), property taxes, insurance, and common area maintenance (CAM) charges. A recent example shows a 190 square foot office leased at an effective rate of $28.42/SF/YR ($450/month inclusive of all charges). The minimum base rent offered is $18/SF/YR. This is a rare opportunity to secure office space in the heart of Dover. Contact us for details and customized leasing options.

    Property Features for 19 State St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1890
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    First Preference Mortgage Mortgage Lender Weber Gallagher Simpson Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.52528
    Latitude
    39.16115

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown Location, Flexible Lease Options
    Where is this office property / space located?
    The property is located at 19 State St Dover, DE.
    (302) 677-0020
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    19 State St Dover, DE 19901
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    Dover, DE 19901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19 State St Dover, DE 19901
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