OFFICE PROPERTIES FOR SALE > W PARISI OFFICE SPACE - 19 S State St, Dover, Kent, DE 19901
W PARISI OFFICE SPACE - 19 South State St, Dover, Kent County, DE 19901
W PARISI FRONT WEST VIEW
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PROPERTY NAME
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W PARISI OFFICE PROPERTY
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PRICE
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$790,000 * $145 +/- PER SQUARE FOOT
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ADDRESS
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19 SOUTH STATE STREET, DOVER
KENT COUNTY, DELAWARE 19901
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PROPERTY TYPE
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GENERAL OFFICE PROPERTY
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ALTERNATIVE USES
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OFFICE, NEIGHBORHOOD RETAIL
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BUILDING AREA
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5,442 +/- SQ FT, FREE - STANDING
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BASEMENT AREA
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PARTIAL, UNFINISHED
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GARAGE
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OFF – STREET SURFACE PARKING
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LAND AREA
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21,375 +/- SQ FT, 0.491 +/- ACRE
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LOT FRONTAGE
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75 +/- FEET
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LOT DEPTH
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285 +/- FEET
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COVERAGE RATIO
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25.5% +/-
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PARKING
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20 SPACES * 3.7 PER 1,000 SF BLDG AREA
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ZONING
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RGO, GROUP RESIDENTIAL & OFFICE CITY OF DOVER
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DEED REFERENCE
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D558 - 130
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TAX MAP
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ED05 – 07705 – 04 – 3000 - 0001
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FLOOD MAP
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10001C0167J, ZONE X, MAY 5, 2003
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CENSUS TRACT
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413
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SCHOOL DISTRICT
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CAPITAL
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TENANT IMPROVEMENTS
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FULLY PARTITIONED
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WATER
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PUBLIC
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SEWER
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PUBLIC
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NATURAL GAS
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AVAILABLE
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INTERNET
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VERIZON FIOS, COMCAST
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GROSS INCOME ESTIMATE
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$87,100 * $16.00 PSF
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VACANCY
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$4,355 * $0.80 PSF * 5.0%
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GROSS OPERATING INCOME
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$82,745 * $15.20 PSF * 95%
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OPERATING EXPENSES
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$30,342 * $5.59 PSF * 36.7%
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NET OPERATING INCOME
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$52,342 * $9.62 PSF * 63.3%
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CAP RATE
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6.6%
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CITY TAX ASSESSMENT
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$643,600 : $119 +/- PSF BLDG AREA
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CITY TAX RATE
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$0.415 / $100
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CITY PROPERTY TAX
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$2,700 +/- * $0.50 +/- PSF BLDG AREA
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COUNTY TAX ASSESSMENT
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$85,600 : $16 +/- PSF BLDG AREA
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COUNTY TAX RATE
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$2.7412 / $100
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COUNTY PROPERTY TAX
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$2,400 +/- * $0.45 +/- PSF BLDG AREA
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PROPERTY DESCRIPTION : This professional office property is located on South State Street and American Avenue, a short distance south of East division Street in Dover. The building is 5,442 +/- square feet, free – standing, three - stories, and is currently used as a general office with apartment, and a partial unfinished basement. There is off – street, surface, paved parking available for approximately 20 vehicles. There is an ADA ramp. There is an apartment on the second and third floors. It may be possible to subdivide the eastern part of the property for a separate office lot. The property is also available for lease. Income and Expense estimates are broker’s estimates. The property enjoys a great location, great visibility, and great proximity to SR 1, Route 8, and Route 13, and is available for immediate occupancy.
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ALL INFORMATION SUBMITTED SUBJECT TO ERRORS AND MODIFICATIONS. ALL INFORMATION CONTAINED HEREIN OBTAINED FROM RELIABLE SOURCES BUT NOT GUARANTEED. PROSPECTIVE PURCHASERS SHOULD VERIFY ALL INFORMATION SUBMITTED. LISTING BROKERAGE REPRESENTS SELLER.
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Phil McGinnis, CCIM, GAA, ACoM, ALC, e-PRO
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Office :
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(302) 736 - 1538
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Cell :
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(302) 270 - 0656
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Fax :
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(302) 736 - 2715
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Email:
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pjm@mcginnisrealty.com
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555 East Loockerman St. Dover, Delaware 19901 • Phone:302.736.2710 Fax: 302.736.2715
