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Executive Summary

Proposed 300-Unit Mid-Rise Apartment Development on 31.08 Acres. Strategically located within walking distance to Delaware State University, this planned community offers a rare chance to deliver new residential inventory in a high-demand market. The project has been carefully designed to meet the needs of students, professionals, and local residents, with a mix of Studio, 1, and 2-bedroom units and a full suite of modern amenities. Permit approvals can be obtained following final submission review by the City of Dover, making this a shovel-ready opportunity pending final municipal sign-off.

Property Facts

Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
Total Lot Size 31.08 AC
Opportunity Zone Yes
Zoning M

1 Lot Available

Lot

Lot Size 31.08 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 2-05-06700-02-5400-000
  • 2-05-06700-02-5600-000
  • 2-05-06700-02-5500-000
  • 2-05-06700-02-5300-000
Land Assessment
$913,086 CAD
Improvements Assessment
$0 CAD
Total Assessment
$913,086 CAD
  • Listing ID: 36645669

  • Date on Market: 2025-07-08

  • Last Updated:

  • Address: 320 Raymond St, Dover, DE 19904

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