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    132 Market St Georgetown, DE 19947

    Sponsored
    For Sale
    $999,000

    7,500 sq ft Office, High Growth Area

    Property size:
    7,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 7,500 square foot office building is strategically located at 132 E Market Street in the thriving town of Georgetown, Delaware. Situated on a 0.18-acre lot, this property presents a unique investment opportunity fueled by significant recent development. The construction of a new Family Court, just two doors away, promises increased foot traffic and accessibility, creating a highly desirable location for businesses seeking a prominent presence in the community. This prime commercial space offers substantial potential for a variety of uses, benefiting from the positive impact of the nearby Family Court on the local economy and increased visibility. The building's size and location make it ideal for a range of businesses seeking to establish or expand their operations in a rapidly developing area. The asking price is $999,000. Owner financing is available to qualified buyers, making this an even more attractive proposition for those seeking flexible payment options. This is a rare opportunity to acquire a substantial commercial property in a high-growth area with exceptional potential for return on investment. Don't miss out on this chance to secure a prime location in Georgetown's burgeoning commercial landscape. Contact us today to schedule a showing and explore the possibilities.

    Property Features for 132 Market St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,500 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Georgetown
    County
    Sussex
    State
    Delaware
    Longitude
    -75.38387
    Latitude
    38.69147

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    FAQs

    What type of property is this?
    Office Property / Space - 7,500 sq ft Office, High Growth Area
    Where is this office property / space located?
    The property is located at 132 Market St Georgetown, DE.
    What is the asking price?
    The asking price for this property is $999,000.
    (302) 674-3400
    Request Owner's contact information
    132 Market St Georgetown, DE 19947
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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
    132 Market St Georgetown, DE 19947
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