Listing Provided By Patterson-Schwartz Real Estate
Unique investment opportunity located in the heart of Downtown Dover. This 18 unit rental property has 14 2-Bedroom/1 bath units and 4 1-Bedroom/1 bath units along with a common use building. All units are parceled together and zoned Commercial/RG1 on a .63ac lot right in the middle of downtown revitalization projects. All units are metered separately and have their own entrances. 130 S. New St. has 2 apartments. 132 S. New St. is a 10 unit apartment building with courtyard. 134 S. New St. is the office/laundry/storage building. 137 S. Queen has 4 apartments. Cottage to 137 S. Queen has 2 apartments as well. Whether you are looking to expand your rental portfolio or if you have a better idea in mind for this prime location, now is your time to act!!! Property is located within walking distance to public transportation, restaurants, library, medical services, worship centers, historical sites as well as the Capitol Green & Legislative Buildings. New construction homes and commercial buildings occurring on the same city block now as well. To review the city revitalization master plan and last meeting minutes, go to the Downtown Dover website and click on the link. Sale subject to regulatory approval. Housing restrictions may be lifted with approval. Financials available upon request. All units are vacant as of 3/31/23.
- Price:
- $1,550,000
- Acreage:
- 0.63
- Year Built:
- 2000
- Listing ID #:
- DEKT2016600
- Street Address:
- 137 South Queen St
- City:
- Dover
- State:
- Delaware
- Postal Code:
- 19904
- County:
- Kent
- Community:
- Capital (30802)
- Subdivision:
- None Available
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
School District: Capital
- Ease Of Access:
- Ramp - Main Level
- Flooring:
- Carpet, Laminated
- Type Of Roof:
- Shingle
- View:
- Street
- Year Built:
- 2000
- Year Built Source:
- Estimated
- Approximate Lot Size Range Source:
- Estimated
- Conforms To Zoning:
- Rg1
- Lot Square Footage:
- 27443.00
- Zoning Description:
- Zoned Commercial/Residential
- Days On Market:
- 144
- Excluded:
- Tenants Personal Items-Some Administrative Equipment/Supplies
- Included In Sale:
- Alley Access Gate
- On Market Date:
- 2023-01-11
- Originating Mls:
- Bright
- Special Conditions Of Sale:
- Standard, Third Party Approval
- Terms:
- Bank Portfolio, Cash, Other
- Building Name:
- None Available
- Cross Street:
- Loockerman Street
- In City Limits:
- Yes
- Location Description:
- Downtown
- Subdivision:
- None Available
- City Taxes:
- 4064.00
- County Taxes:
- 7681.00
- Price Per Square Foot:
- 114.81
- Property Taxes:
- $11,745
- Tax Year:
- 2022
- Parking Spaces:
- 2
- Parking Type:
- Driveway, On Street
- Cooling Fuel:
- Electric
- Cooling System:
- Central A/C
- Existing Water:
- Public
- Sewage Type:
- Public Sewer
- Water Heater:
- Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Patterson-Schwartz Real Estate
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