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
W PARISI FRONT WEST VIEW
W PARISI FRONT WEST VIEW
W PARISI OFFICE PROPERTY BLDG AREA
W PARISI OFFICE PROPERTY AERIAL PHOTO
W PARISI OFFICE PROPERTY MARKET AREA MAP
W PARISI OFFICE PROPERTY TAX MAP
W PARISI OFFICE PROPERTY ZONING MAP
W PARISI REAR EAST VIEW
W PARISI SIDE EAST VIEW

PROPERTY NAME

W PARISI OFFICE PROPERTY

PRICE

$790,000 * $145 +/- PER SQUARE FOOT

ADDRESS

19 SOUTH STATE STREET, DOVER

KENT COUNTY, DELAWARE 19901

PROPERTY TYPE

GENERAL OFFICE PROPERTY

ALTERNATIVE USES

OFFICE, NEIGHBORHOOD RETAIL

BUILDING AREA

5,442 +/- SQ FT, FREE - STANDING

BASEMENT AREA

PARTIAL, UNFINISHED

GARAGE

OFF – STREET SURFACE PARKING

LAND AREA

21,375 +/- SQ FT, 0.491 +/- ACRE

LOT FRONTAGE

75 +/- FEET

LOT DEPTH

285 +/- FEET

COVERAGE RATIO

25.5% +/-

PARKING

20 SPACES * 3.7 PER 1,000 SF BLDG AREA

ZONING

RGO, GROUP RESIDENTIAL & OFFICE CITY OF DOVER

DEED REFERENCE

D558 - 130

TAX MAP

ED05 – 07705 – 04 – 3000 - 0001

FLOOD MAP

10001C0167J, ZONE X, MAY 5, 2003

CENSUS TRACT

413

SCHOOL DISTRICT

CAPITAL

TENANT IMPROVEMENTS

FULLY PARTITIONED

WATER

PUBLIC

SEWER

PUBLIC

NATURAL GAS

AVAILABLE

INTERNET

VERIZON FIOS, COMCAST

GROSS INCOME ESTIMATE

$87,100 * $16.00 PSF

VACANCY

$4,355 * $0.80 PSF * 5.0%

GROSS OPERATING INCOME

$82,745 * $15.20 PSF * 95%

OPERATING EXPENSES

$30,342 * $5.59 PSF * 36.7%

NET OPERATING INCOME

$52,342 * $9.62 PSF * 63.3%

CAP RATE

6.6%

CITY TAX ASSESSMENT

$643,600 : $119 +/- PSF BLDG AREA

CITY TAX RATE

$0.415 / $100

CITY PROPERTY TAX

$2,700 +/- * $0.50 +/- PSF BLDG AREA

COUNTY TAX ASSESSMENT

$85,600 : $16 +/- PSF BLDG AREA

COUNTY TAX RATE

$2.7412 / $100

COUNTY PROPERTY TAX

$2,400 +/- * $0.45 +/- PSF BLDG AREA

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.

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.

Phil McGinnis, CCIM, GAA, ACoM, ALC, e-PRO

 

Office :

(302) 736 - 1538

Cell :

(302) 270 - 0656

Fax :

(302) 736 - 2715

Email:

pjm@mcginnisrealty.com

 

555 East Loockerman St. Dover, Delaware 19901 • Phone:302.736.2710 Fax: 302.736.2715
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