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    724 New St Dover, DE 19904

    Sponsored
    For Sale
    $1,500,000

    Prime Medical Office, 5041 SF, 60+ Parking

    Property size:
    5,041 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional medical office building, located at 724 S. New St. in Dover, Delaware, presents a unique investment opportunity. The 5,041 square foot building is situated in downtown Dover and boasts a desirable CPO zoning classification. The property is in very good condition and features a spacious reception area, a comfortable waiting room, multiple exam rooms, and several private offices, making it ideal for a variety of medical practices. A full basement provides additional space, including offices, ample storage, a bathroom, and a kitchenette. Ample parking is available with over 60 spaces. The asking price for this turnkey medical facility is $1,500,000, translating to $297.56 per square foot. While a sale is preferred, lease options are also available. The first floor is available for lease at $23.00 per square foot, and the basement space is available for $10.00 per square foot

    Property Features for 724 New St

    General Information

    Property type
    Medical offices
    Square Feet
    5,041 SF

    HighLights

    • Excellent condition medical office building in Downtown Dover.
    • 5,041 square feet with reception, waiting room, exam rooms, and offices.
    • Full basement featuring offices, storage, bathroom, and kitchenette.
    • Ample parking with 60+ spaces.
    • Zoned CPO.
    • Asking price: $1,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edward L. Alexander ... Surgeon Bayhealth General & Colorectal ... Surgical Center Allison Sealund Physician Assistant Bayhealth General Surgery, ... Medical Clinic John Mitchell, MD Surgeon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5266231
    Latitude
    39.1509208

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 5041 SF, 60+ Parking
    Where is this medical office located?
    The property is located at 724 New St Dover, DE.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Excellent condition medical office building in Downtown Dover.; 5,041 square feet with reception, waiting room, exam rooms, and offices.; Full basement featuring offices, storage, bathroom, and kitchenette.
    Request Owner's contact information
    724 New St 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
    724 New St Dover, DE 19904
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