299 Dupont Hwy Dover, DE 19901
- Commercial real estate
- 87,330 SF
- 7.20 lot acres
Current Use by Public Records
- Kohl's / Department Store
- SEPHORA at Kohl's / Cosmetics Store / Beauty Supply Store
Property Details for 299 Dupont Hwy
- Year built
- 2005
- Lot size
- 7.20 lot acres
- Property size
- 87,330 SF
- Zone code
- SC2
- Property type
- Commercial real estate
- APN
- 2-05-068.14-01-03.06-000
- APU
- 20506814010306000
Description
This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Dover, Delaware. Located at 299 N Dupont Hwy, this single-tenant pad site is ideally suited for a variety of retail developments, particularly those requiring drive-thru capabilities. The property's zoning allows for a wide range of uses, making it an attractive option for businesses seeking high visibility and convenient access. Situated in Kent County, this location benefits from strong demographics and high traffic counts along the heavily traveled Dupont Highway. The site's one-acre footprint provides ample space for building construction and associated parking. The property is offered as a ground lease opportunity, providing a flexible and potentially lucrative investment strategy. This prime location offers excellent visibility and accessibility, making it an ideal site for a thriving retail business. The property's strategic placement ensures high traffic volume and exposure to a large customer base. Serious inquiries are encouraged to explore the potential of this exceptional retail land parcel. The property is located in the vibrant city of Dover, Delaware, offering a strong local economy and a growing population. This is a rare opportunity to acquire a highly desirable retail pad site in a prime location. Further details regarding lease terms and conditions are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,175,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,615,000
- 6.5%
- $1,565,000
- 7%
- $1,390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,375,000
- Geo Method
- $1,545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,770,000
- Retail
- $1,540,000
- Mixed-Use
- $1,345,000
- Hospitality
- $1,565,000
- Educational
- $1,360,000
- Residential Income
- $1,840,000
- Energy
- $1,755,000
- Income-Based Land
- $1,490,000
- Food Service
- $1,880,000
Location Insight
- Map
- Local Demand
- City
- Dover
- County
- Kent
- State
- Delaware
- Longitude
- -75.5176
- Latitude
- 39.1726
- CBSA code
- 20100
- CBSA name
- DOVER, DE METROPOLITAN STATISTICAL AREA
