Commercial Property on DuPont
1580 S DUPONT Hwy Dover, DE 19901
For Sale
$2,850,000
Commercial property with redevelopment potential on a high-traffic corridor.
Property Size11,100 SF
Lot Size2.20 Acres
Price / SF$256.76
Days on Market95
Property Features for 1580 S DUPONT Hwy
General Information
Standard status
Active
Size
11,100 SF
Lot size
2.20 Acres
Property subtype
Commercial
Building Details
Year Built
1998
Listing Agency:
R&R Commercial Realty
(302) 674-3400
Listed By:
Keith Walpole · License #RS-0014425
(302) 674-3400
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 11:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R&R Commercial Realty
Investment Insights
Based on property information with market context.
Located at 1580 S DuPont Hwy in Kent County, this commercial property is situated on approximately 2.20 acres. The property includes a building with a total area of about 11,100 square feet. The location is positioned along a historically significant and steadily trafficked corridor. The area has experienced population and household growth, potentially making it appealing for commercial redevelopment. The former tenant, Rite Aid, has ceased operations at this location. DuPont Highway remains a vital artery in Kent County, holding economic and cultural importance for the region. The property has a bike score of 51, indicating it is bikeable, a walk score of 52, indicating it is somewhat walkable, and a transit score of 40, indicating some transit options are available.
Key Highlights
- Strategically located on a historically significant and steadily trafficked corridor (S DuPont Hwy).
- Commercial land use in Kent County.
- Property size: Approximately 2.20 acres with a total building area of about 11,100 square feet.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $199.8k | $18.00 |
| − Vacancy | −$11.0k | −$0.99 |
| EGI | $188.8k | $17.01 |
| − OpEx | −$47.2k | −$4.25 |
| NOI | $141.6k | $12.76 |
11,100 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,608 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,909 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,653 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Rite Aid Pharmacy — 1580 S Dupont Hwy, Dover, DE 19901
- Chinedum Amakwe, RPH — 1580 S Dupont Hwy, Dover, DE 19901
- Ravikiran K. Tatikonda, RPH — 1580 S Dupont Hwy, Dover, DE 19901
- Rodney Village Pharmacy — 1664 S Governors Ave, Dover, DE 19904
- GNC at Rite Aid — 1580 S Dupont Hwy, Dover, DE 19901
Frequently Asked Questions
What type of property is this?
Drug store - Commercial property with redevelopment potential on a high-traffic corridor.
Where is this drug store located?
The property is located at 1580 S DUPONT Hwy Dover, DE.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Strategically located on a historically significant and steadily trafficked corridor (S DuPont Hwy).; Commercial land use in Kent County.; Property size: Approximately 2.20 acres with a total building area of about 11,100 square feet.
