300 Loockerman StDover, DE 19904

This vacant 8,316 square foot retail property, located at 300 W Loockerman St, Dover, DE 19904, presents a compelling value-add investment opportunity for owner-users or redevelopment projects. Built in 2014, the property sits on a 0.41-acre lot with over 500 feet of road frontage, ensuring high visibility and accessibility. Its convenient store/grocery store/storefront configuration offers flexibility for a variety of retail uses. The asking price is $825,000, translating to $99.21 per square foot. This prime location boasts exceptional visibility and traffic, with over 25,000 vehicles passing daily. The property benefits from its proximity to major attractions including Bally's Dover Casino Resort, Dover International Speedway, Delaware State University, Delaware Tech Community College, Bayhealth Hospital Kent Campus, and Dover Air Force Base, serving a substantial population of 117,284 within a 10-mile radius. Market data suggests a strong rental market, with asking rents averaging approximately $17 per square foot and a vacancy rate below 2.5%. This combination of location, size, and market conditions makes this property an attractive investment prospect with significant potential for return. The property is currently vacant, providing immediate opportunity for customization and tenant selection.