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    1215 State St Dover, DE 19901

    Sponsored
    For Lease
    $20 SF/Yr ($20,000 /Mo)

    12,000 SF Retail Space, 1.4 Acres

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 12,000-square-foot retail property, situated on a generous 1.4-acre lot at 1215 S. State St in Dover, Delaware, presents a unique investment or leasing opportunity. The property is currently vacant, offering a blank canvas for a discerning tenant to create their ideal retail space. The zoning is C-4 Highway Commercial, allowing for a wide range of commercial uses. Ample parking is available on-site, ensuring convenient access for customers and employees. The building's single-tenant configuration provides flexibility and control. Located in Dover, Delaware, with a zip code of 19901, this property benefits from high visibility and accessibility due to its strategic location on S. State St. The property's size and zoning make it suitable for a variety of retail businesses seeking a prominent presence in a thriving Delaware market. This is a rare opportunity to acquire a substantial retail space in a desirable location with significant potential for growth and return on investment. The property is available for lease, offering a chance to establish a strong foothold in a busy commercial area. Interested parties are encouraged to inquire for further details and leasing options. The property's address is 1215 S. State St, Dover, DE 19901.

    Property Features for 1215 State St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Total Rate
    20000

    Unit(s) available at that property

    Space
    Available Space
    Size
    60,984 SF
    Rate per SF
    $20

    HighLights

    • 12,000 SF building on 1.4 acres available for lease. Formerly a Walgreens.
    • C‑4 Highway Commercial zoning.
    • High‑traffic corner lot at S. State St and Roosevelt Ave.
    • Abundant parking.
    • Includes a drive‑thru.
    • Lease rate: $20.00 NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thomas A. Kolakowski Jr, ... Pharmacy Walgreens Photo Passport Photo Processor FedEx OnSite Mailing Service Trevor S. Gonsalves, ... Pharmacy Johnna H. Ho, ... Pharmacy

    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
    -75.5221037
    Latitude
    39.1429069

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    FAQs

    What type of property is this?
    Land - 12,000 SF Retail Space, 1.4 Acres
    Where is this land located?
    The property is located at 1215 State St Dover, DE.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 12,000 SF building on 1.4 acres available for lease. Formerly a Walgreens.; C-4 Highway Commercial zoning.; High-traffic corner lot at S. State St and Roosevelt Ave.
    Request Owner's contact information
    1215 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
    1215 State St Dover, DE 19901
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