1275 State StDover, DE 19901

  • Other commercial real estate
  • 2,760 SF
For Sale
$1,800,000 View listing

Property Details for 1275 State St

Year built
1954
Lot size
0.59 AC
Property size (Sq ft)
2,760 SF
Zone code
C4
Property type
Other commercial real estate
APN
2-05-086.05-02-13.00-000
APU
20508605021300000

Description

This exceptional 10,000 square foot medical office building presents a lucrative investment opportunity in Dover, Delaware. Located at 1275 S State St, this property sits on a sizable 0.6-acre lot, offering ample space and potential for expansion. The building is zoned Highway Commercial C4, providing flexibility for a variety of uses within the medical field. The asking price is $1,800,000, translating to a competitive price per square foot of $180. This prime location in Kent County offers excellent visibility and accessibility, making it an ideal setting for a thriving medical practice. The property's substantial size and strategic zoning make it a highly desirable asset for investors seeking a strong return on investment in the growing healthcare sector. Detailed financial information and property specifics are available upon request. This is a rare opportunity to acquire a well-situated, established medical office building in a desirable Delaware location. The property's size and zoning offer significant potential for future development or expansion, catering to the needs of a growing medical community. Don't miss this chance to own a piece of Dover's thriving commercial landscape. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,350,127
    Hospitality
    $1,236,709
    Educational
    $1,028,928
    Medical
    $1,064,314
    Retail
    $1,600,554
1275 State St, Dover, Delaware

Location Insight

City
Dover
County
Kent
State
Delaware
Latitude
39.141
Longitude
-75.5225
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
$3,724
$30,200
$96,300
$126,500
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