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    2 Market St Frederica, DE 19946

    For Sale
    $299,000

    8,700 SF Retail Building - $299K

    Property size:
    8,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    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 Features for 2 Market St

    General Information

    Property type
    Retail properties
    Square Feet
    8,700 SF

    HighLights

    • 8,700 square foot commercial building.
    • Zoned Commercial.
    • 8,700 square foot vacant retail building in Frederica, DE.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Nail Salon Pharmacy Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederica
    County
    Kent
    State
    Delaware
    Longitude
    -75.4656511
    Latitude
    39.0093105

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    FAQs

    What type of property is this?
    Retail property - 8,700 SF Retail Building - $299K
    Where is this retail property located?
    The property is located at 2 Market St Frederica, DE.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 8,700 square foot commercial building.; Zoned Commercial.; 8,700 square foot vacant retail building in Frederica, DE.
    Request Owner's contact information
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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
    2 Market St Frederica, DE 19946
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