7 Unit Downtown Dover mixed-use building w/great income!
|Catylist Listing ID:
Free-Standing Building, Mixed Use, Street Retail
|Building Size (RSF):
|Gross Building Area:
|In Opportunity Zone?
|Property Use Type:
||Cash to Seller
Overview / Comments
Fully Leased-Downtown Dover-Prime Investment Opportunity-Great Cap Rate- over 6.0%, A+ Location-Off Street Parking-Residential/Commercial Mix with great development opportunity also available!
Calling all Investors!! This is a rare opportunity to own a downtown Dover, well established and stable mixed use property. 511 Central Ave is a 7 unit building comprised of 5 apartments and 2 retail/business units. Both retail spaces are street level and capitalize on foot traffic and visibility. The majority of tenants, including retail tenants are established and long-standing making this property a stable property that cash flows. This property also features its own ample off-street parking lot with easy ingress/egress. The features and location of this property make it a solid investment with further development potential down the road all while generating revenue. There is additional property to the rear that can be purchased for development or expansion. * Financials will be shared with NDA in place. ** NOTE: Showings require 48 hour notice minimum and only accommodated Mondays and Tuesdays.
Attachments & Media
|Property Located Between:
||Broadway and Pierce
||Level, open, high traffic count, foot traffic, high visibility for retail units on ground level, off street parking, store front, signage, easy enter/exit
|Total Number of Buildings:
||230 feet approx
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