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    400-410 Governors Ave Dover, DE 19904

    For Sale
    $500,000

    14,993 SF C2-A Zoned Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 14,993 square foot commercial land parcel, located at 400-410 S Governors Ave in Dover, Delaware (19904), presents a unique investment opportunity. Situated on the southwest corner of South Governors Ave and Bank Lane, this assemblage of four parcels boasts a prime location between Loockerman St and Water St. Currently featuring two buildings totaling 3,470 square feet (office, retail, and apartment space), these structures are slated for demolition, allowing for complete redevelopment. The property is zoned C2-A (Limited Central Commercial Zone), permitting diverse uses including office, retail, hotel, restaurants, and more. All essential utilities are readily available. This high-traffic corner lot benefits from its proximity to the new courthouse, existing courthouses, the Department of Justice, Downtown Dover, Legislative Hall, and BayHealth Hospital. Governors Ave provides excellent north-south connectivity, while Loockerman St offers east-west access. The fee simple ownership and the potential for various developments make this a compelling investment prospect. The APN is ED05-07709-03-2700-3000. Asking price is $500,000.

    Property Features for 400-410 Governors Ave

    General Information

    Property type
    Land

    HighLights

    • High‑visibility corner lot.
    • Excellent traffic counts.
    • Convenient proximity to the new courthouse.
    • Full access to all city utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5264779
    Latitude
    39.1554238

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    FAQs

    What type of property is this?
    Land - 14,993 SF C2-A Zoned Land
    Where is this land located?
    The property is located at 400-410 Governors Ave Dover, DE.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: High-visibility corner lot.; Excellent traffic counts.; Convenient proximity to the new courthouse.
    Request Owner's contact information
    400-410 Governors Ave Dover, DE 19904
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    Dover, DE 19904
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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
    400-410 Governors Ave Dover, DE 19904
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