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    Rt.8-Forrest Ave Dover, DE 19904

    For Sale
    $1,000,000

    Prime Dover location, one-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional one-acre commercial land parcel is strategically located at the prominent intersection of Route 8 and Forrest Avenue in Dover, Delaware. Zoned C-2A, this property presents a unique opportunity for developers and investors seeking a high-visibility site in a thriving Delaware market. The lot's size offers ample space for a variety of commercial developments, catering to diverse business needs. Its prime location ensures high traffic volume and excellent exposure, making it ideal for retail, restaurants, or other commercial ventures. The property is situated in Kent County, Delaware, with a convenient zip code of 19904. The precise coordinates are latitude 39.1588589 and longitude -75.5428015. This is a rare opportunity to acquire a highly desirable commercial lot in a rapidly growing area. The asking price for this exceptional property is $1,000,000. Don't miss this chance to secure a prime location for your next commercial endeavor. Act quickly, as opportunities like this are seldom available.

    Property Features for 0 Rt.8-Forrest Ave

    General Information

    Property type
    Land
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5428015
    Latitude
    39.1588589

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    FAQs

    What type of property is this?
    Land - Prime Dover location, one-acre commercial lot.
    Where is this land located?
    The property is located at Rt.8-Forrest Ave Dover, DE.
    What is the asking price?
    The asking price for this property is $1,000,000.
    Request Owner's contact information
    Rt.8-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
    Rt.8-Forrest Ave Dover, DE 19904
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