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2271 State St Dover, DE 19901-6302

OFF-MARKET Commercial real estate Google Maps
1,680 SF 0.28 ac lot Built 1950
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID US17-0224921

Property summary

AI-generated overview

This thriving 1,680 square foot bar and grill presents a unique investment opportunity in the vibrant city of Dover, Delaware. Situated on a busy stretch of South State Street, this well-established business benefits from high visibility and a strong customer base drawn from the densely populated surrounding neighborhood. The 0.28-acre lot provides ample space for outdoor seating or potential expansion. The property's current configuration as a fully operational bar and grill offers immediate revenue potential, making it an ideal acquisition for an experienced restaurateur looking to expand their portfolio or a first-time entrepreneur seeking a turnkey entry into the hospitality industry. The interior space is ready for immediate use, requiring minimal capital investment to begin operations. The property's location on South State Street ensures consistent foot traffic and visibility, maximizing its potential for success. This is a rare chance to own a well-established business in a prime location with significant growth potential. The asking price of $475,000 represents a compelling investment opportunity in a thriving Delaware market. Serious inquiries are encouraged to schedule a viewing and explore the possibilities. This property is being sold as-is.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 1,680 SF
Lot 0.28 ac (12,197 SF)
Zoning code BG
APN 7-00-095.10-01-30.00-000
UPID US17-0224921

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Bar & Pub Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2025
1 recorded transaction
2025
$280,000

Zoning & alternative use

BG · Dover, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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