375-385 W North St - Office CONDO FOR SALE


Dover, DE 19904- Downtown Dover
$165,000 USD
302-346-2718
375-385 W North St, Dover, DE for Sale
$165,000 USD
Office CONDO - FOR SALE
1/13
null | 6.91% Cap Rate

NEW


375-385 W North St
Dover, DE 19904
Downtown Dover


HIGHLIGHTS

  • Income in place with ability to increase NOI through lease up
  • Vacant unit ready for owner occupancy or rental
  • Minutes from downtown Dover and Loockerman Street business district
  • Near Kent County government offices and court buildings

OVERVIEW

Property consists of two separately deeded office condo units being sold together. One unit is currently leased with a lease in place through December 2026. The second unit is vacant. This setup allows for an owner occupant to utilize one unit while benefiting from existing income, or for an investor to lease the second unit and stabilize the asset. Separate entrances, utilities, and mailing addresses for each unit provide flexibility and simple management. Buyer to verify all information including condo association details, taxes, and permitted uses.

FOR SALE DETAILS

PRICE

$165,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

6.91%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

383 W North St, Bldg #6

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical

TOTAL BUILDING SIZE

2,070 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-2

APN/PARCEL ID

2-05-07709-01-7900-000

ASK ABOUT THIS PROPERTY

Nik PatelKeller Williams Realty Central DelawareMore Info
302-346-2718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Nik PatelKeller Williams Realty Central DelawareMore Info
302-346-2718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.