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    Property profile & analytics
    OFF-MARKET Estimated value $600,000
    Commercial real estate

    2 Market St, Frederica, DE 19946

    5,759 SF 0.12 ac lot Built 1930
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US17-0283762
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $600k
    Owner & transaction history
    LYLE E BROWNING
    LYLE E BROWNING
    Zoning & alternative use
    NA · Frederica, DE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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