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    422 Governors Ave Dover, DE 19904

    Sponsored
    For Sale
    $895,000

    High-return Dover property, 7,344 sq ft.

    Property size:
    7,344 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, located at 422 S Governors Avenue in Dover, Delaware, presents a compelling investment opportunity. The 7,344 square foot building sits on a 0.14-acre lot and offers significant potential for a variety of uses. The property's strategic location in Dover provides convenient access to major transportation routes and a thriving local economy. The sale includes the adjacent parcel at 418 S Governors Avenue, expanding the overall footprint and development possibilities. This presents a unique chance to acquire a substantial property in a desirable location. The asking price is $895,000. Given the size, location, and dual parcel inclusion, this property is well-suited for investors seeking a strong return on their investment. Serious inquiries are encouraged to explore the full potential of this versatile commercial property. Detailed property information and financial projections are available upon request. This is a rare opportunity to acquire a significant commercial property in a growing Delaware market. Don't miss out on this chance to secure a valuable asset in a prime location.

    Property Features for 422 Governors Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,344 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1959
    Property Profile Location Intelligence

    Current Use by Public Records

    The Dance Factory, LLC Dance School

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Building Supply 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
    -75.52632
    Latitude
    39.15503

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    FAQs

    What type of property is this?
    Mixed-use property - High-return Dover property, 7,344 sq ft.
    Where is this mixed-use property located?
    The property is located at 422 Governors Ave Dover, DE.
    What is the asking price?
    The asking price for this property is $895,000.
    (302) 736-0800
    Request Owner's contact information
    422 Governors Ave Dover, DE 19904
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    Dover, DE 19904
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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
    422 Governors Ave Dover, DE 19904
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