2271 State St Dover, DE 19901-6302
Property summary
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
VerifiedCap rate & NOI
Current use
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Atm
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Bar & Pub Restaurant
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BG · Dover, DEZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for BG in Dover, DE.
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