383 W NORTH STREET 6-A,B

DOVER, DE 19904

Prime owner user and value add office opportunity in Dover. This two-unit office condominium offers immediate income with upside through lease up or owner occupancy. The property consists of two separately deeded units totaling approximately 2,070 square feet within North Queen Plaza. The first-floor unit is leased at $1,300 per month with a lease in place through December 2026, providing stable in place 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 features its own entrance, mailing address, and utilities, providing flexibility and ease of management. The first floor includes four private offices and two restrooms with handicap accessibility. The second floor offers a more open layout with one private office, two restrooms, and access to a private balcony. Shared surface parking is available on site. Quarterly condo fee of $805 covers exterior maintenance, lawn care, and snow removal. Well positioned with access to central Dover, government offices, and surrounding commercial uses. Pro forma potential based on lease up of the vacant unit at market rent consistent with the existing tenancy. Buyer to perform due diligence. PHOTOS REFLECT THE PROPERTY PRIOR TO THE CURRENT TENANT’S OCCUPANCY AND RECENT UPDATES, INCLUDING REPAINTING. THE LEASED UNIT MAY DIFFER IN ITS CURRENT CONDITION. ACCESS FOR UPDATED INTERIOR PHOTOS OF THE OCCUPIED UNIT IS LIMITED. PHOTOS SHOWN REFLECT THE POTENTIAL FOR OWNER OCCUPANCY OR FUTURE USE OF THE SPACE.

Listing courtesy of Keller Williams Realty Central-Delaware



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.