The auction for this parcel will be held on-site at 12041 Cordova Road - Cordova, MD @ 11AM!
OPENING BID INCENTIVE - FORTNA AUCTIONEERS & MARKETING GROUP IS OFFERING A 3% REBATE BACK TO THE BUYER WHO SUBMITS THE HIGHEST OPENING BID AMOUNT FOR THE AUCTION. BIDDER MUST BE SELECTED AS THE HIGHEST OPENING BID AND MUST BE THE HIGHEST BIDDER WHEN THE AUCTIONEER CLOSES THE BIDDING TO RECEIVE THE 3% REBATE. PLEASE SEE MORE INFORMATION ON THE REGISTRATION FORM.
Prime Commercial Land Available in Dover – A Developer's Dream
Seize the opportunity to own a pivotal piece of Dover's commercial landscape. Spanning approximately 2 acres with C4 commercial zoning, this land is a blank canvas awaiting your vision. Perfectly positioned for automotive uses with permission already in place, the potential for development is boundless.
Location Highlights:
- Strategically located across the street from a bustling Walmart Supercenter, ensuring constant foot traffic and visibility.
- Adjacent to McGuinness Plaza, a thriving retail hub anchored by national tenants and franchises, magnifying the draw to the area.
- Boasts an impressive car count of 40,000 per day, making it one of the most traveled locations in Dover and guaranteeing visibility for any business.
Development Potential:
- Drive-Thru Restaurant: Capitalize on the high traffic count by introducing a new dining option with the convenience of a drive-thru.
- Retail Concepts: Ideal for creating a shopping destination with a mix of retail stores to complement the existing nearby offerings.
- Strip Mall: With the option to build up to a 10,000 square foot strip mall, the space is ripe for a mix of dining, retail, and service businesses.
- Car Wash or Standalone Restaurant: The land's versatility supports a wide range of uses, including specialized services or dining experiences.
Investment Advantage:
- Own your land outright, free from the constraints and ongoing expenses of a land lease—a distinct advantage over properties across the street.
- With Walmart directly across the highway, this location benefits from its high traffic and easy accessibility, enhancing the value and potential of your investment.
- Nonexistent taxes, only $1200 annually.
This exceptional parcel of land offers endless possibilities for development in one of Dover's prime commercial locations. Whether you envision a bustling drive-thru restaurant, a comprehensive retail complex, or any other commercial venture, this site provides the perfect foundation for a successful and lucrative project. Don't miss out on this incredible opportunity to shape the future of Dover's commercial landscape.
Parcel ID#: LC-00-04600-02-0304-000
County: Kent
Municipality: Little Creek Hundred
Acres: (+/-) 1.85 acres
Zoned: C4
Approved Automotive Use
Approximately 200' of road frontage (201'x400')
Located Next to the Capital City Business Park
- Public Water & Sewer
- Taxes Approx. $1265
The auction for this parcel will be held on-site at 12041 Cordova Road - Cordova, MD @ 11AM!
*Owner is retiring
Terms - Certified Funds of $25,000 required to be an approved bidder. A 10% deposit is due day of auction. Balance due in 30 days. An 8.75% Buyer's Premium will be added to the high bid price to be paid by the buyer(s). Buyer(s) responsible for the state of Delaware transfer taxes and deed prep. Property is sold AS IS, WHERE IS with NO CONTINGENCIES.
