Property profile

2 Market St Frederica, DE 19946

FOR SALE
Commercial real estate
Property ID
US17-0283762
5,759 SF 0.12 ac lot Built 1930
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 8,700 square foot retail building is ideally situated on the corner of Market Street and Front Street in the charming town of Frederica, Delaware. Currently vacant, this property presents a unique opportunity for a variety of commercial uses. The building boasts a spacious layout, perfect for adapting to diverse business needs. Its convenient location offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong customer engagement. The property is zoned for commercial use, simplifying the permitting process for prospective buyers. Furthermore, it benefits from the reliable Town of Frederica water and sewer services, ensuring a seamless and efficient operation. The property's Assessed Parcel Number (APN) is 8-08-14107-01-0101-000. With its substantial size and prime location, this property represents a compelling investment opportunity in a thriving Delaware community. The asking price for this remarkable retail space is $299,000. Don't miss this chance to secure a prominent commercial presence in Frederica. The property is located in Kent County, Delaware, with a zip code of 19946.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Total area 5,759 SF
Lot 0.12 ac (5,227 SF)
Zoning code NA
APN 8-08-141.07-01-01.01-000
UPID US17-0283762

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2 Market St Frederica, DE 19946
Frederica metro Census 43400 DOVER, DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$600k

Owner & transaction history

Zoning & alternative use

NA · Frederica, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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