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    1330 Forrest Ave Dover, DE 19904

    Sponsored
    For Sale
    $475,000

    Ground lease, 864 sq ft, $475,000

    Property size:
    864 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional executive office building, located at 1330 Forrest Ave in Dover, Delaware, presents a unique investment opportunity. The property boasts 864 square feet of space situated on a 0.64-acre lot, offering significant potential for growth and development. The building is zoned C2A, allowing for a variety of commercial uses. The property is offered as a ground lease with an annual ground lease payment of $40,000. The property's tax records indicate Kent County taxes of $865.75 and City of Dover taxes of $420.22 in 2015. Utilities are provided by the City of Dover and Chesapeake Utilities. The asking price for this prime commercial property is $475,000. The tax parcel number is 2-05-07610-01-5200-000. This property is ideal for an owner-occupier seeking a well-located executive office space or an investor looking for a strong return on investment in a thriving Delaware market. The convenient location in Dover, Delaware, offers easy access to major transportation routes and amenities. This is a rare opportunity to acquire a well-maintained commercial property in a desirable location at an attractive price point. Don't miss out on this chance to own a piece of Dover's commercial landscape.

    Property Features for 1330 Forrest Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    864 SF
    Lot Size
    27,878 SF

    HighLights

    • 864+/- SF Building Size
    • $475,000 Sale Price
    • $40,000 Annual Ground Lease
    • 0.64+/- Acre Lot Size
    • C2A Zoning
    • Tax Parcel Number: 2‑05‑07610‑01‑5200‑000
    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
    -75.554919
    Latitude
    39.1584948

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    FAQs

    What type of property is this?
    Office Property / Space - Ground lease, 864 sq ft, $475,000
    Where is this office property / space located?
    The property is located at 1330 Forrest Ave Dover, DE.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 864+/- SF Building Size; $475,000 Sale Price; $40,000 Annual Ground Lease
    Request Owner's contact information
    1330 Forrest 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
    1330 Forrest Ave Dover, DE 19904
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