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    1012 Governors Ave Dover, DE 19904

    For Sale
    $850,000

    Turn-key daycare, plus rental income!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial property at 1012 S Governors Avenue in Dover, Delaware, presents a unique investment opportunity. Priced at $850,000, this 0.3-acre lot houses a thriving daycare facility with all equipment included, ready for immediate operation. Currently licensed for up to 55 children, the facility boasts a spacious, open design, strategically placing the kitchen and office for optimal supervision of children and staff. A dedicated nursery room provides a separate space for infants. Integrated security cameras and a sound system enhance safety and create a pleasant atmosphere. Adding to the property's appeal is a 2-bedroom apartment situated upstairs with a private exterior entrance. This apartment has historically generated rental income of $1,400 per month. With minor additions, the daycare's capacity could be expanded by approximately 30 children, significantly increasing revenue potential. This property offers a blend of established business and passive income streams, making it an attractive investment in the vibrant Dover, DE market (Zip code 19904). The property is classified as Special Purpose, Land, and is zoned for commercial use. The sale includes all existing daycare equipment.

    Property Features for 1012 Governors Ave

    General Information

    Property type
    Land
    Lot Size
    13,068 SF

    HighLights

    • $850,000 asking price for a 0.3‑acre commercial lot in Dover, DE (Zip code 19904).
    • Thriving daycare facility included, licensed for 55 children, with all equipment.
    • Spacious layout with dedicated nursery, kitchen, and office for optimal supervision.
    • Integrated security cameras and sound system.
    • Upstairs 2‑bedroom apartment with private entrance generating $1,400/month rental income.
    • Potential for daycare expansion to increase capacity by approximately 30 children.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dover Early Learning ... Preschool

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -75.5259092
    Latitude
    39.1431384

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    FAQs

    What type of property is this?
    Land - Turn-key daycare, plus rental income!
    Where is this land located?
    The property is located at 1012 Governors Ave Dover, DE.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price for a 0.3-acre commercial lot in Dover, DE (Zip code 19904).; Thriving daycare facility included, licensed for 55 children, with all equipment.; Spacious layout with dedicated nursery, kitchen, and office for optimal supervision.
    Request Owner's contact information
    1012 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
    1012 Governors Ave Dover, DE 19904
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