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Property profile & analytics
OFF-MARKET
Commercial real estate

422 Governors Ave Dover, DE 19904-6735

7,344 SF 0.14 ac lot Built 1959
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US17-0221951
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1959
Total area 7,344 SF
Lot 0.14 ac (6,098 SF)
Zoning code C2A
APN 2-05-077.09-03-25.00-000
UPID US17-0221951
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Dance Factory, LLC Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ava Commercial LLC · 4 yrs held
Ava Commercial LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
C2A · Dover, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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