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    State St Dover, DE 19901

    For Sale
    $450,000

    1.8-Acre Waterfront Lot, RS1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.8-acre commercial land parcel presents a unique investment opportunity in Dover, Delaware. Located on South State Street, this property boasts prime waterfront access and is zoned RS1, offering a range of potential development options. The expansive lot size provides ample space for various commercial ventures, making it ideal for businesses seeking a prominent location with significant visibility. The property's convenient location within Dover ensures easy access to major transportation routes and a thriving local community. Detailed site plans are available upon request. The tax parcel number is 2-00-086.13-02-64.00-000. This is a rare chance to acquire a substantial waterfront property in a desirable Delaware location. Serious inquiries only. The asking price for this exceptional commercial land is $450,000. Don't miss this opportunity to secure a prime piece of Delaware real estate with significant potential for growth and return on investment. The property's waterfront location adds significant value and appeal, making it an attractive proposition for a variety of commercial uses. Further information regarding permitted uses under the RS1 zoning designation can be obtained from the relevant planning authorities.

    Property Features for 0 State St

    General Information

    Property type
    Land
    Lot Size
    78,408 SF

    HighLights

    • 1.80‑acre parcel
    • Waterfront location
    • RS‑1 zoning
    • Tax ID: 2‑00‑086.13‑02‑64.00‑000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5152959
    Latitude
    39.1154263

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    FAQs

    What type of property is this?
    Land - 1.8-Acre Waterfront Lot, RS1 Zoning
    Where is this land located?
    The property is located at State St Dover, DE.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1.80-acre parcel; Waterfront location; RS-1 zoning
    Request Owner's contact information
    State St 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
    State St Dover, DE 19901
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