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Turn-Key Restaurant with Equipment
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1294 Forrest Ave, Dover, DE 19904

4,200 sf restaurant with full basement, 50 parking spaces, and cross-easement access to a lighted intersection.

Property Size4,200 SF
Days on Market122

Property Features for 1294 Forrest Ave

General Information

Standard status Active
Size 4,200 SF
Total Parking Spaces 50
Property subtype Retail

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Furnished Yes
Opportunity Zone Yes
Listing Agency: The Commercial Moving Experience Real Estate
Listed By: Chuck Spiegelman · License #DE RA-0020123
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 6:35AM

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 The Commercial Moving Experience Real Estate

Investment Insights

Based on property information with market context.

Opportunity Zone property featuring an established casual dining restaurant in Dover, Delaware. The business is offered turn-key with all equipment in place and is currently operational; the owner plans to retire and close the business in early 2022. The building totals 4,200 square feet and includes a full basement.

The site provides 50 parking spaces and cross easement access for direct entry to a lighted intersection at Forrest Ave (DE Rt 8) and Independence Blvd. It is located on an active commercial corridor with nearby restaurants and retail, and is positioned to join Arby’s within the Greentree shopping center area. Additional nearby establishments include Pats, along with other restaurant, retail, office, and service uses. The property is less than 1 mile from downtown Dover and nearby medical and west Dover areas, with easy access to the Route 1 interchange at Scarborough Road.

Restaurant equipment list is available upon request.

Key Highlights

  • Opportunity Zone property: 4,200 SF casual dining restaurant in Dover, Delaware
  • Turnkey and currently operational, with equipment in place (equipment list available upon request)
  • Full basement plus 50 parking spaces for on‑site customer parking

Property Analytics

Current Use

La Hacienda West ... Restaurant O'IChimney&DryerVentCleaning General Contractor

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

60
Businesses Nearby
Under-served
Demand for This Use

Demographics for 19904, DE

36,880
Population
16,047
Households
2.3
Avg Household Size
38
Median Age
27%
College-Educated
91%
High-School Grad
43.2 sq mi
ZIP Area
854
Density / Sq Mi
$66,885
Median Household Income
$39,459
Median Earnings
$1,240
Median Rent
$281,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - 4,200 sf restaurant with full basement, 50 parking spaces, and cross-easement access to a lighted intersection.
Where is this conventional restaurant located?
The property is located at 1294 Forrest Ave Dover, DE.
What are key features of this property?
This property features: Opportunity Zone property: 4,200 SF casual dining restaurant in Dover, Delaware; Turnkey and currently operational, with equipment in place (equipment list available upon request); Full basement plus 50 parking spaces for on‑site customer parking
More about this property
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