1241 College Park Dr
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1241 College Park Dr
15,754 SF 23% Leased Office Building Dover, DE 19904 £2,738,575 (£174/SF)
Investment Highlights
- Building is in shell condition, can be built out for a religious facility/church.
- Large street front windows allowing for lots of natural light.
- Brand new construction can be subdivided for multi-tenant use.
Executive Summary
BRAND NEW CONSTRUCTION building. Sale price $3,500,000.00. Lease and Seller Finance option is also available. Please call or email for more details. Modern office building with endless potential introducing a contemporary 2-story office building that has undergone meticulous renovations, offering a generous 12,066 square feet of premium commercial space. This property is custom-tailored to elevate the corporate presence of businesses, regardless of their size. Flexible Layout: Whether you are a dynamic startup or a well-established corporation, this space provides a versatile canvas awaiting for your unique vision. The building has been designed for two expansive units, each comprising 6,033 square feet. This design optimizes flexibility, catering to diverse industries and configurations. Idea for Professional Office Use: Crafted to meet the model of a professional office environment, this building can accommodate a wide spectrum of businesses. It is important to note that potential retail applications or other uses can be explored through a Conditional Use Application to the City of Dover. Highlighted features: Thorough top-to-bottom renovations, including the installation of a new roof, modern HVAC systems. The fire suppression (sprinkler) system has also been diligently serviced and updated. A sleek, contemporary exterior design that exudes a modern corporate aesthetic that is conveniently situated just off Route 13, providing seamless access to Route 1, Delaware State University, Dover Mall, hospitals, shopping centers, restaurant, and hotels.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
15,754 SF
Building Class
B
Year Built/Renovated
2000/2023
Price
£2,738,575
Price Per SF
£174
Percent Leased
23%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
6,033 SF
Building FAR
0.33
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
IO - Institutional/Office: Office, Nursing Home, R&D, Places of Public Assembly, Day Cares, etc.
Parking
56 Spaces (4.64 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Signage
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 2-05-06700-02-1208-000 | Improvements Assessment | £886,203 |
| Land Assessment | £120,810 | Total Assessment | £1,007,013 |
PROPERTY TAXES
Parcel Number
2-05-06700-02-1208-000
Land Assessment
£120,810
Improvements Assessment
£886,203
Total Assessment
£1,007,013
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Presented by
Chiang & Sons Properties LLC
1241 College Park Dr
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