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Faits saillants de l'investissement

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

Résumé de l'annonce

Two unit office condominium located within North Queen Plaza in Dover. The property consists of two separately deeded units totaling approximately 2,070 square feet and is being offered together as a single acquisition. The first floor unit is currently leased at $1,300 per month with a lease in place through December 2026, providing immediate income. The second floor unit is vacant and ready for occupancy, allowing a buyer to operate their business while offsetting costs, or lease the space for additional income. Each unit has its own entrance, mailing address, and utilities, allowing for straightforward management and flexibility in use. The layout supports a range of professional, office, or service-based users. The first floor is configured with four private offices and two restrooms, including handicap accessibility. The second floor offers a more open layout with one private office, two restrooms, and access to a private balcony. The property is part of a condominium association, with quarterly dues covering exterior maintenance, lawn care, and snow removal. This structure reduces day to day maintenance responsibility for ownership. Shared surface parking is available on site. Located in Dover with access to downtown, government offices, and surrounding commercial activity, the property is well positioned for both owner occupants and small investors. The combination of in place income and a vacant unit creates a clear path to stabilize and increase overall income through lease up, while maintaining flexibility for a buyer to occupy part or all of the property. Buyer to verify all information including condo association details, permitted uses, and property condition. If you want, I can next:

Faits sur la propriété

Taille totale du bâtiment 2 070 pi²
Type de propriété
Bureau (Condo)
  • Bureau-loft/Espace créatif
  • Bureau/médical
Classe d’immeuble C
Planchers 2
Superficie de plancher typique 1 035 pi²
Année de construction 1975
Location Unique
Ratio de stationnement 5,8/1 000 pi²
Zone de développement économique Oui
Zonage C-2 - C-2 zoning allows office, retail, and service uses. Suitable for a range of commercial businesses. Buyer to verify permitted uses.

Commodités

  • Affichage

1 Unité disponible

Unité A-B

Taille de l’unité 2 070 pi²
Prix 228 088 $ CAD
Prix par pi² 110,19 $ CAD
Utilisation du condo Bureau
Type de vente Investissement ou propriétaire utilisateur
Taux de capitalisation 6,91%
Revenu net d’exploitation 15 758,79 $ CAD
ID/Numéro de lot 2-05-07709-01-7900-011, 2-05-07709-01-7900-012
Description

Office condominium consisting of two separately deeded units within North Queen Plaza. Total building area is approximately 2,070 square feet.

One unit is leased providing in place income, with the second unit vacant and ready for occupancy. Layout allows for owner user flexibility or full lease up.

Each unit has its own entrance, utilities, and mailing address. Condo association covers exterior and common area maintenance. Shared surface parking available

Notes sur la vente

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.

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Moyennement praticable à pied
70/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun relativement accessibles
40/100
Plutôt praticable en vélo
50/100
  • ID d’inscription: 40047785

  • Date de mise sur le marché: 2026-04-06

  • Dernière mise à jour:

  • Adresse: 375-385 W North St, Dover, DE 19904

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