724 New St Dover, DE 19904
- Commercial real estate
- 10,340 SF
- 0.70 lot acres
Current Use by Public Records
- Edward L. Alexander III, MD / Surgeon
- Bayhealth General & Colorectal Surgery / Surgical Center
- Allison Sealund / Physician Assistant
- Bayhealth General Surgery, Dover / Medical Clinic
- John Mitchell, MD / Surgeon
Property Details for 724 New St
- Year built
- 1987
- Lot size
- 0.70 lot acres
- Property size
- 10,340 SF
- Zone code
- CPO
- Property type
- Commercial real estate
- APN
- 2-05-077.13-01-29.07-000
- APU
- 20507713012907000
Description
This exceptional 5,041-square-foot medical office building is available for lease at 724 S. New St, Dover, Delaware, 19904. The property boasts a single-tenant occupancy, offering a unique opportunity for a medical practice seeking a substantial and well-located space. The building is zoned CPO and situated in Kent County, providing convenient access to major roadways and a strong patient base. Ample parking is available with 60 spaces provided for staff and patients. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize the space to their exact specifications. This presents a rare chance to secure a substantial, single-tenant medical office building in a desirable location. The property's size and parking capacity make it ideal for a variety of medical practices, from primary care to specialized clinics. The address is 724 S. New St, Dover, DE 19904. Interested parties are encouraged to inquire for further details and leasing information. The property offers a significant opportunity for a medical practice seeking a prominent presence in the Dover, Delaware market. The building's size and ample parking make it an attractive option for practices requiring substantial space and convenient patient access. The single-tenant occupancy eliminates the complexities of multi-tenant management, offering a streamlined and efficient operational environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $665,000
- 6.5%
- $600,000
- 7%
- $675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $610,000
- Geo Method
- $700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $680,000
- Retail
- $600,000
- Mixed-Use
- $615,000
- Hospitality
- $600,000
- Educational
- $695,000
- Residential Income
- $625,000
- Energy
- $625,000
- Income-Based Land
- $585,000
- Food Service
- $560,000
Location Insight
- Map
- Local Demand
- City
- Dover
- County
- Kent
- State
- Delaware
- Longitude
- -75.5267
- Latitude
- 39.1508
- CBSA code
- 20100
- CBSA name
- DOVER, DE METROPOLITAN STATISTICAL AREA