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    146 State St Dover, DE 19901

    For Sale
    $475,000

    Prime Office Space, 10 Parking Spots

    Property size:
    5,497 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional three-story office building, located at 146 S State Street in the heart of Dover, Delaware, presents a compelling investment opportunity. The property boasts a total of 5,497 square feet, situated on a 0.17-acre lot. The first and second floors each feature four individual offices and two bathrooms, providing ample space for multiple tenants or a single large organization. The third floor offers versatile space, currently configured as a one-bedroom apartment, ideal for private office use or additional rental income. A significant advantage is the on-site parking lot, accommodating up to ten vehicles – a valuable asset in a downtown location. The building's central downtown location makes it eligible for potential downtown grants, further enhancing its investment appeal. The property's current configuration and location offer flexibility

    Property Features for 146 State St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,497 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1890
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Main Street Home ... Mortgage Lender Loft Realty Real Estate Agency Patricia Erickson - Delaware ... Real Estate Agent Karla Montes - Delaware ... Real Estate Agent Austin Gardner - Delaware ... Real Estate Agent

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -75.52484
    Latitude
    39.15859

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, 10 Parking Spots
    Where is this office property / space located?
    The property is located at 146 State St Dover, DE.
    What is the asking price?
    The asking price for this property is $475,000.
    (302) 241-0899
    Request Owner's contact information
    146 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
    146 State St Dover, DE 19901
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