Established Storefront Retail
For Sale
$350,000
470 N DUPONT HWY #A, Dover, DE 19901
Operating from a leased unit, the business includes fixtures, equipment, branding, and digital assets.
Property Size2,000 SF
Price / SF$175
Days on Market57
Property Features for 470 N DUPONT HWY #A
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Business
Additional Details
Business Included
Yes
Building Details
Year Built
1996
Listing Agency:
Keller Williams Realty Central-Delaware
(302) 677-0020
Listed By:
Nikhil Patel · License #344176
(302) 270-2917
Source:
Cummingsrealtors
Added: Aug 11
Changed: Oct 4
Last Checked: Oct 5 at 6:24PM
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 Keller Williams Realty Central-Delaware
Investment Insights
Based on property information with market context.
This established retail business operates from a 2,000-square-foot leased storefront at 470 N Dupont Hwy #A in Dover. The sale includes the business name, goodwill, equipment, fixtures, branding, telephone numbers, social-media accounts, and seller-owned website or domain rights identified in the purchase agreement. A prominent storefront mural contributes a recognizable physical identity, while the business has approximately 14 years of operating history.
The property was built in 1996 and the business occupies one leased unit. An adjoining unit may be available for expansion, subject to landlord approval and lease terms, but is not required for the acquisition. Seller-provided training and transition assistance are available, and the buyer is responsible for obtaining required licenses and approvals.
The property was built in 1996 and the business occupies one leased unit. An adjoining unit may be available for expansion, subject to landlord approval and lease terms, but is not required for the acquisition. Seller-provided training and transition assistance are available, and the buyer is responsible for obtaining required licenses and approvals.
Key Highlights
- Approximately 14 years of retail operating history
- 2,000‑square‑foot leased storefront at 470 N Dupont Hwy #A, Dover, DE 19901
- Sale includes business name, goodwill, equipment, fixtures, and branding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,182
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,640
$363.6K
Cap Rate 7%
$259,743
$259.7K
Cap Rate 9%
$202,022
$202.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$28.1K $14.04/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$26.0K $12.99/SF
− OpEx
−$7.8K −$3.90/SF
NOI
$18.2K $9.09/SF
Area
Kent County, DE
Vacancy
7.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,640
Cap Rate 7%
$259,743
Cap Rate 9%
$202,022
Alternative Uses
Best Use
Retail
$259.7K
$227.3K – $303.0K
NOI $18,182 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.6K
$440.7K – $587.6K
NOI $35,253 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,752
Businesses Nearby
355k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 28%
Dining 27%
Superstores 26%
Groceries 17%
Target
Superstores
93,354 visits/mo
0.2 miles
Wawa
Shops & Services
38,994 visits/mo
0.1 miles
Safeway
Groceries
32,770 visits/mo
0.3 miles
Aldi
Groceries
24,765 visits/mo
0.4 miles
Royal Farms
Shops & Services
19,992 visits/mo
0.2 miles
Demographics for 19901, DE
36,839
Population
15,443
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
89%
High-School Grad
75.8 sq mi
ZIP Area
486
Density / Sq Mi
$63,891
Median Household Income
$33,069
Median Earnings
$1,353
Median Rent
$258,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Operating from a leased unit, the business includes fixtures, equipment, branding, and digital assets.
Where is this storefront property located?
The property is located at 470 N DUPONT HWY #A Dover, DE.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 14 years of retail operating history; 2,000‑square‑foot leased storefront at 470 N Dupont Hwy #A, Dover, DE 19901; Sale includes business name, goodwill, equipment, fixtures, and branding
