For Sale
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Property summary
This exceptional mixed-use property at 1012 S Governors Avenue in Dover, Delaware, presents a unique investment opportunity. The main building is a thriving daycare center, fully equipped and operational, currently licensed for up to 55 children. Its open design incorporates a central kitchen and office, providing excellent visibility and accessibility for staff and children. Separate spaces cater to different age groups, including a dedicated nursery. Enhanced security features include integrated indoor and outdoor cameras, and a sound system adds to the children's comfort and well-being. The significant upside potential lies in the possibility of expanding capacity by approximately 30 children with minor renovations. Adding to the property's income stream is a separate two-bedroom apartment located upstairs, boasting a private exterior entrance. This apartment has a proven rental history, generating consistent monthly income of up to $1,400. The property sits on a 0.3-acre lot and encompasses 3,962 square feet of well-maintained space. This turnkey operation offers immediate income generation and substantial growth potential, making it an attractive investment for discerning buyers seeking a blend of commercial and residential income. The property is priced at $775,000, reflecting its strong financial performance and future prospects. This is a rare chance to acquire a well-established, profitable business with significant expansion possibilities.
Property profile
VerifiedCap rate & NOI
Current use
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High School Daycare Center
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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