515 Dupont HwyDover, DE 19901

  • Other commercial real estate
  • 84,885 SF
For Lease
$20/SF/YR View listing

Property Details for 515 Dupont Hwy

Year built
1974
Lot size
7.56 AC
Property size (Sq ft)
84,885 SF
Zone code
C4
Property type
Other commercial real estate
APN
2-05-068.09-01-34.00-000
APU
20506809013400000

Description

This exceptional 8,050-square-foot retail and office building presents a unique investment opportunity in Dover, Delaware. Currently under construction, this single-tenant property sits on a 0.86-acre lot zoned C4, offering significant flexibility for a variety of commercial uses. The building's location at 515 S Dupont Hwy provides unparalleled accessibility, just minutes from Dover Air Force Base, Route 1, and downtown Dover. Its proximity to area banks, shopping centers, restaurants, and government offices ensures high visibility and convenient access for both employees and customers. The entire 8,050 square feet is currently vacant, providing a blank canvas for a prospective tenant to customize the space to their exact specifications. This presents a rare chance to establish a strong presence in a thriving Delaware market. The property's classification as Executive Office and Commercial space within Kent County further underscores its versatility and potential for a diverse range of businesses. The address is 515 S Dupont Hwy, Dover, DE 19901. This is a truly remarkable opportunity to secure a brand-new, strategically located commercial property in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $41,523,752
    Hospitality
    $38,035,536
    Educational
    $31,645,118
    Medical
    $32,733,442
    Retail
    $49,225,740
515 Dupont Hwy, Dover, Delaware

Location Insight

City
Dover
County
Kent
State
Delaware
Latitude
39.1759
Longitude
-75.5223
CBSA code
20100
CBSA name
DOVER, DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$53,395
$273,400
$1,540,600
$1,814,000
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