Redevelopment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30024152
Property Subtypes: Low-Rise/Garden, Mixed Use, Other
Number of Units: 12 Units
Building Size (RSF): 18,615 SF
Gross Building Area: See Agent
Sale Price: $775,000
Unit Price: $64,583.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/5/2017

Overview / Comments

Call For Offers Due: 7/14/2017 by 5:00 PM EST.

Unique redevelopment opportunity in the heart of downtown Dover. Current ownership obtained city approval for up to 10 residential apartments and 5,570 ± SF of commercial space.

Substantial demolition and remediation has been completed and historical features such as large windows, original oak doors, original vaults, high 10’-12’ ceilings and exposed brick have been left intact. The current state of the property and its proximity to downtown Dover contributes to the endless possibilities for redevelopment, including but not limited to the current owner’s approved plans.

The original Courthouse structure was built in 1889 and the annex added in the 1940s. The building has 24 parking spaces and frontage along First and 2nd Streets.

Attachments & Media

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $19,060 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: Map 6, Block 20
Zoning: CBD

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,252 30,537 68,509
Median Age: 33.21 36.53 35.52
Households: 4,746 12,983 25,622

Contact

Photograph of Listing Agent

Christian Stallkamp

CBRE | Portsmouth NECPE Member

Source

© Copyright New England Commercial Property Exchange. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.