Downtown Retail Building with Multiple
317 317/319 Loockerman St Dover, DE 19904
New
317 317/319 Loockerman St, Dover, DE, 19904
$170,000
For Sale
$170,000
Commercial building for sale in downtown Dover, configured for retail with multiple street-level entrances and as-is condition.
Property Size1,166 SF
Price / SF$145.80
Days on Market3
Property Features for 317 317/319 Loockerman St
General Information
- Standard status
- Active
- Size
- 1,166 SF
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1910
Listing agency
RE/MAX Horizons
(302) 423-8040
Listed by
Karen Smolarek · License #R3-0013561
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 9:47PM Checked: Jul 21 at 9:47PM
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 RE/MAX Horizons
Investment Insights
Based on property information with market context.
This commercial building is offered for sale in downtown Dover with street-level storefront space and multiple entrances. Public remarks indicate a prior two-level configuration that included a second-floor apartment and a barber/beauty shop on the lower level. The building has a new tin roof that was installed, and the property is being sold in as-is condition with no guarantees written or expressed, with a structural report on file for agents to review.
The property is located on Loockerman Street in downtown Dover and is described as suitable for retail, financial, office use, and more. Electricity is not available, and the seller notes that a high-powered flashlight may be needed for access. Buyers and agents must sign a hold harmless before scheduling a showing, and the seller requests that neither the left door nor the service door be opened to help maintain security.
The building is currently vacant for ownership without a required lease, and it will require gutting and renovation to bring it to an operating condition.
The property is located on Loockerman Street in downtown Dover and is described as suitable for retail, financial, office use, and more. Electricity is not available, and the seller notes that a high-powered flashlight may be needed for access. Buyers and agents must sign a hold harmless before scheduling a showing, and the seller requests that neither the left door nor the service door be opened to help maintain security.
The building is currently vacant for ownership without a required lease, and it will require gutting and renovation to bring it to an operating condition.
Key Highlights
- Commercial building built in 1910 in downtown Dover, offered as‑is (no guarantees written or expressed).
- Previously configured with a barber/beauty shop on the lower level; a second‑floor apartment existed at one time.
- New tin roof installed by the Amish (beautiful tin roof referenced in remarks).
Local Financial Insights For 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 | $16.4k | $14.04 |
| − Vacancy | −$1.2k | −$1.05 |
| EGI | $15.1k | $12.99 |
| − OpEx | −$4.5k | −$3.90 |
| NOI | $10.6k | $9.09 |
1,166 SF · lease $14.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$151.4K
$132.5K – $176.7K
NOI $10,600 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.6K
$256.9K – $342.5K
NOI $20,552 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Commercial building for sale in downtown Dover, configured for retail with multiple street-level entrances and as-is condition.
Where is this storefront property located?
The property is located at 317 317/319 Loockerman St Dover, DE.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Commercial building built in 1910 in downtown Dover, offered as‑is (no guarantees written or expressed).; Previously configured with a barber/beauty shop on the lower level; a second‑floor apartment existed at one time.; New tin roof installed by the Amish (beautiful tin roof referenced in remarks).
