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Property profile & analytics
OFF-MARKET
Office Spaces

305-307 State St Dover, DE 19901

1,450 SF
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property, located at 305-307 S State St in Dover, Delaware (zip code 19901), presents a unique investment opportunity. The building, zoned RGO, offers a versatile layout encompassing approximately 1,652 square feet of executive office space on the first floor, and a 1,452 square foot apartment on the second floor. The basement, while unfinished, provides approximately 1,450 square feet of valuable storage space. The total square footage of the building ranges from 1,450 to 1,652 square feet, depending on the inclusion of the basement. This prime downtown Dover location offers excellent visibility and accessibility. The asking price for this property is $460,000. This presents a compelling opportunity for investors seeking a blend of income-generating office space and residential rental potential in a thriving Delaware market. The property's zoning allows for a variety of uses, making it an adaptable asset for future development or continued operation in its current configuration. Serious inquiries are encouraged.

Property profile
Verified
Property type Office Spaces
Total area 1,450 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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