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    2271 State St Dover, DE 19901

    For Sale
    $475,000

    Established Bar & Grill, High Traffic Area

    Property size:
    1,680 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This thriving 1,680 square foot bar and grill presents a unique investment opportunity in the vibrant city of Dover, Delaware. Situated on a busy stretch of South State Street, this well-established business benefits from high visibility and a strong customer base drawn from the densely populated surrounding neighborhood. The 0.28-acre lot provides ample space for outdoor seating or potential expansion. The property's current configuration as a fully operational bar and grill offers immediate revenue potential, making it an ideal acquisition for an experienced restaurateur looking to expand their portfolio or a first-time entrepreneur seeking a turnkey entry into the hospitality industry. The interior space is ready for immediate use, requiring minimal capital investment to begin operations. The property's location on South State Street ensures consistent foot traffic and visibility, maximizing its potential for success. This is a rare chance to own a well-established business in a prime location with significant growth potential. The asking price of $475,000 represents a compelling investment opportunity in a thriving Delaware market. Serious inquiries are encouraged to schedule a viewing and explore the possibilities. This property is being sold as-is.

    Property Features for 2271 State St

    General Information

    Property type
    Retail properties
    Square Feet
    1,680 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm Valerie's Bar & Grill Bar & Grill

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.51462
    Latitude
    39.11296

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    FAQs

    What type of property is this?
    Retail property - Established Bar & Grill, High Traffic Area
    Where is this retail property located?
    The property is located at 2271 State St Dover, DE.
    What is the asking price?
    The asking price for this property is $475,000.
    (302) 674-3400
    Request Owner's contact information
    2271 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
    2271 State St Dover, DE 19901
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