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    950 State St Dover, DE 19901

    Sponsored
    For Sale
    Contact for pricing

    Established eatery, ample parking, high visibility.

    Property size:
    2,659 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant property presents a unique investment opportunity in the thriving city of Dover, Delaware. Located at 950 N State St, this established business boasts a substantial 2,659 square feet of interior space, perfectly suited for continued operation or redevelopment. The property sits on a generous 0.85-acre lot, providing ample space and significant frontage along Silver Lake (333 feet). The strategic location offers excellent visibility and accessibility, with convenient access from Route 13 and Downtown Dover. Further enhancing its appeal, the property includes a large parking area with 56 spaces, ensuring convenient parking for patrons and staff. The asking price for this turnkey restaurant and real estate is $1,595,000. This represents a compelling opportunity to acquire a well-situated, established business with significant potential for growth and return on investment in a desirable Delaware location. The property's size, location, and parking make it an attractive proposition for both established restaurant operators and new ventures seeking a prime location in a busy commercial area. The substantial frontage on Silver Lake adds to the property's visual appeal and potential for branding and signage.

    Property Features for 950 State St

    General Information

    Property type
    Restaurants
    Square Feet
    2,659 SF
    Lot Size
    37,026 SF

    HighLights

    • 2,659 SF restaurant building on a 0.85‑acre lot.
    • Asking price: $1,595,000.
    • High visibility location with excellent access to Rt. 13 and Downtown Dover.
    • 56 parking spaces.
    • 333 feet of frontage on Silver Lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Countrie Eatery Breakfast Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5300909
    Latitude
    39.1771742

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    FAQs

    What type of property is this?
    Restaurant - Established eatery, ample parking, high visibility.
    Where is this restaurant located?
    The property is located at 950 State St Dover, DE.
    What are key features of this property?
    This property features: 2,659 SF restaurant building on a 0.85-acre lot.; Asking price: $1,595,000.; High visibility location with excellent access to Rt. 13 and Downtown Dover.
    Request Owner's contact information
    950 State St Dover, DE 19901
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    Dover, DE 19901
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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
    950 State St Dover, DE 19901
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