118 Atlantic Ave, Ocean View, DE 19970
This exceptional single-tenant medical office building, situated at 118 Atlantic Ave in Ocean View, Delaware 19970, presents a unique investment opportunity. The 2,000 square foot building, constructed in 1970 and extensively renovated in 2016, boasts a desirable Class B rating. Its single-story design features a generous 10-foot ceiling height, creating a spacious and comfortable environment. The property offers convenient access to major thoroughfares, providing excellent visibility and easy commutes to nearby Fenwick Island and Bethany Beach. With 55 total parking spaces, ample parking is readily available for patients and staff. The building is located within the thriving "Medical or Other" submarket of Ocean View, benefiting from the area's robust growth. The absence of elevators is noted. This well-maintained property is ideal for a medical practice seeking a comfortable and accessible location in a rapidly expanding coastal Delaware community. The property's strategic location along Atlantic Avenue ensures high visibility and easy access for clients. This presents a rare opportunity to acquire a well-established medical office building in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.