sold > BENNIE SMITH FORREST AVE OFFICES - 870-872 Forrest Ave, Dover,

BENNIE SMITH FORREST AVE OFFICES - 870-872 Forrest Ave, Dover, DE 19904

BENNIE SMITH FORREST AVE PROPERTY FRONT VIEW 870
BENNIE SMITH FORREST AVE PROPERTY FRONT VIEW 870
BENNIE SMITH FORREST AVE PROPERTY FRONT VIEW 870
BENNIE SMITH FORREST AVE PROPERTY FRONT VIEW 872
BENNIE SMITH FORREST AVE PROPERTY AERIAL VIEW
BENNIE SMITH FORREST AVE PROPERTY TAX MAP
BENNIE SMITH FORREST AVE PROPERTY MARKET AREA MAP
BENNIE SMITH FORREST AVE PROPERTY ZONING MAP
BENNIE SMITH FORREST AVE PROPERTY PARKING LOT VIEW

PROPERTY NAME

BENNIE SMITH FOREST AVE PROPERTY

PRICE

$395,000 : $61 +/- PER SQ FT

ADDRESS

870-872 FOREST AVENUE DOVER, KENT COUNTY, DELAWARE 19904

PROPERTY TYPE

MULTI – TENANT OFFICE PROPERTY

ALTERNATIVE USES

MULTI – TENANT RETAIL

GROSS RENTAL INCOME

$62,166 +/- * TWO TENANTS

CAP RATE

10.2 %

BUILDING AREA

6,477 +/- SQ FT

COVERAGE RATIO

19.9 % +/-

LAND AREA

32,552 +/- Sq Ft, 0.75 +/- ACRE

LOT FRONTAGE

118 +/- FEET

LOT DEPTH

307 +/- FEET

ZONING

C1-A LIMITED COMMERCIAL ZONE, CITY OF DOVER

TAX MAP

ED05 – 076.12 - 01 – 08.00

DEED REFERENCE

D429 – 326

FLOOD HAZARD MAP

10001C0166H, Zone X, May 5, 2003

CENSUS TRACT

414

SCHOOL DISTRICT

CAPITAL

CITY TAX ASSESSMENT

$722,800 : $112 +/- PSF

CITY TAX RATE

$0.405 / $100

CITY PROPERTY TAX

$2,950 +/- * $045 PSF +/-

COUNTY TAX ASSESSMENT

$82,400 : $13 +/- PSF

COUNTY TAX RATE

$2.2530 / $100

COUNTY PROPERTY TAX

$1,875 +/- * $0.29 PSF +/-

PROPERTY DESCRIPTION : This Multi – Tenant office property has flexibility. There are two separate buildings, each more than 3,000 square feet. One building is iseal for office or retail use, and the other is occupied as a daycare center. The buildings could be subdivided. The property has net leases, has excellent visibility and accessibility, adequate off-street parking, and is accessible to all parts of Kent County.

ALL INFORMATION SUBMITTED SUBJECT TO ERRORS AND MODIFICATIONS. ALL INFORMATION CONTAINED HEREIN OBTAINED FROM RELIABLE SOURCES BUT NOT GUARANTEED. PROSPECTIVE PURCHASERS SHOULD VERIFY ALL INFORMATION SUBMITTED. LISTING BROKERAGE REPRESENTS SELLER.

Phil McGinnis, CCIM, GAA, ACoM, ALC, e-PRO

 

Office :

(302) 736 - 1538

Cell :

(302) 270 - 0656

Fax :

(302) 736 - 2715

Email:

pjm@mcginnisrealty.com

 

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555 East Loockerman St. Dover, Delaware 19901 • Phone:302.736.2710 Fax: 302.736.2715
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