1215 State St Dover, DE 19901
- Commercial real estate
- 11,928 SF
- 1.40 lot acres
Current Use by Public Records
- Thomas A. Kolakowski Jr, RPH / Pharmacy
- Walgreens Photo / Passport Photo Processor / Photo Lab
- FedEx OnSite / Mailing Service
- Trevor S. Gonsalves, PharmD / Pharmacy
- Johnna H. Ho, BS / Pharmacy
Property Details for 1215 State St
- Year built
- 2001
- Lot size
- 1.40 lot acres
- Property size
- 11,928 SF
- Zone code
- C4
- Property type
- Commercial real estate
- APN
- 2-05-086.05-02-01.00-000
- APU
- 20508605020100000
Description
This exceptional 12,000-square-foot retail property, situated on a generous 1.4-acre lot at 1215 S. State St in Dover, Delaware, presents a unique investment or leasing opportunity. The property is currently vacant, offering a blank canvas for a discerning tenant to create their ideal retail space. The zoning is C-4 Highway Commercial, allowing for a wide range of commercial uses. Ample parking is available on-site, ensuring convenient access for customers and employees. The building's single-tenant configuration provides flexibility and control. Located in Dover, Delaware, with a zip code of 19901, this property benefits from high visibility and accessibility due to its strategic location on S. State St. The property's size and zoning make it suitable for a variety of retail businesses seeking a prominent presence in a thriving Delaware market. This is a rare opportunity to acquire a substantial retail space in a desirable location with significant potential for growth and return on investment. The property is available for lease, offering a chance to establish a strong foothold in a busy commercial area. Interested parties are encouraged to inquire for further details and leasing options. The property's address is 1215 S. State St, Dover, DE 19901.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,905,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,400,000
- 6.5%
- $2,365,000
- 7%
- $2,480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,360,000
- Geo Method
- $2,285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,105,000
- Retail
- $2,825,000
- Mixed-Use
- $2,555,000
- Hospitality
- $2,470,000
- Educational
- $2,190,000
- Residential Income
- $2,130,000
- Energy
- $2,810,000
- Income-Based Land
- $2,255,000
- Food Service
- $2,865,000
Location Insight
- Map
- Local Demand
- City
- Dover
- County
- Kent
- State
- Delaware
- Longitude
- -75.5223
- Latitude
- 39.1429
- CBSA code
- 20100
- CBSA name
- DOVER, DE METROPOLITAN STATISTICAL AREA