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    550 Bay Rd Dover, DE 19901

    For Sale
    Contact for pricing

    Prime Dover commercial property, two lots available.

    Property size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial real estate opportunity in Dover, Delaware, presents two distinct parcels ideal for development or expansion. Located at 550 S. Bay Rd, this property boasts a total of approximately 30,000 square feet of existing office space distributed across two buildings, each two stories high. The property is zoned C4, offering a wide range of permitted uses. Two separate lots are available for purchase, providing flexibility for investors. Lot 2 encompasses approximately 1.42 acres and is offered at $520,000. Lot 3, slightly larger at approximately 2.42 acres, is priced at $630,000. The property's location in Kent County, Delaware, provides convenient access to major transportation routes and a thriving business community. The existing office buildings offer immediate income potential or the opportunity for renovation and repositioning. The substantial lot sizes present significant development potential for new construction, aligning perfectly with the C4 zoning designation. This is a rare opportunity to acquire a versatile commercial property in a desirable location with significant upside potential. The property's APN is 2-05-07700-01-1001-000. This offering presents a compelling investment opportunity for both developers and investors seeking a strong foothold in the Delaware market.

    Property Features for 550 Bay Rd

    General Information

    Property type
    Land
    Square Feet
    30,000 SF
    Lot Size
    61,855 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • Two pad sites available for sale.
    • 1.42‑acre lot priced at $520,000.
    • 2.42‑acre lot priced at $630,000.
    • C‑4 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Century Engineering Inc. Engineering Consultant Century Engineering Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5096539
    Latitude
    39.1547145

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    FAQs

    What type of property is this?
    Land - Prime Dover commercial property, two lots available.
    Where is this land located?
    The property is located at 550 Bay Rd Dover, DE.
    What are key features of this property?
    This property features: Two pad sites available for sale.; 1.42-acre lot priced at $520,000.; 2.42-acre lot priced at $630,000.
    Request Owner's contact information
    550 Bay Rd Dover, DE 19901
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    Dover, DE 19901
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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
    550 Bay Rd Dover, DE 19901
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