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    1012 Governors Ave Dover, DE 19904

    For Sale
    $775,000

    Profitable Daycare & Apartment

    Property size:
    3,962 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional mixed-use property at 1012 S Governors Avenue in Dover, Delaware, presents a unique investment opportunity. The main building is a thriving daycare center, fully equipped and operational, currently licensed for up to 55 children. Its open design incorporates a central kitchen and office, providing excellent visibility and accessibility for staff and children. Separate spaces cater to different age groups, including a dedicated nursery. Enhanced security features include integrated indoor and outdoor cameras, and a sound system adds to the children's comfort and well-being. The significant upside potential lies in the possibility of expanding capacity by approximately 30 children with minor renovations. Adding to the property's income stream is a separate two-bedroom apartment located upstairs, boasting a private exterior entrance. This apartment has a proven rental history, generating consistent monthly income of up to $1,400. The property sits on a 0.3-acre lot and encompasses 3,962 square feet of well-maintained space. This turnkey operation offers immediate income generation and substantial growth potential, making it an attractive investment for discerning buyers seeking a blend of commercial and residential income. The property is priced at $775,000, reflecting its strong financial performance and future prospects. This is a rare chance to acquire a well-established, profitable business with significant expansion possibilities.

    Property Features for 1012 Governors Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,962 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1952
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dover Early Learning ... Preschool

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5259
    Latitude
    39.14313

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    FAQs

    What type of property is this?
    Mixed-use property - Profitable Daycare & Apartment
    Where is this mixed-use property located?
    The property is located at 1012 Governors Ave Dover, DE.
    What is the asking price?
    The asking price for this property is $775,000.
    (800) 447-7711
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    1012 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
    1012 Governors Ave Dover, DE 19904
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