The auction for this parcel will be held on-site at 12041 Cordova Road - Cordova, MD @ 11AM!
PROPERTY INSPECTION: MONDAY, APRIL 22ND FROM 1PM-2PM
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 Real Estate Opportunity in Dover, Delaware
Introducing a standout real estate auction that presents a rare chance to own a piece of Dover’s bustling commercial landscape. This fully remodeled, 5,000 square foot building, refreshed from the ground up in 2022, offers the perfect blend of modern aesthetics and strategic location. Situated directly across from Dover's newest shopping center, which boasts tenants like Lidl and Red Robin, this property stands at the gateway to unparalleled business potential in one of Delaware's most trafficked corridors.
Key Features:
- Strategic Location: Faces a shopping center with an impressive daily car count of 63,000, signaling high visibility and foot traffic.
- Comprehensive Remodel: Upgrades in 2022 include decorative stone exteriors, roll-up glass doors, new flooring, and a sanded, epoxied floor finish for a sleek, modern look.
- Ready for Business: Equipped with all new stucco, drywall, drop ceilings, and an HVAC system, making it turnkey for any retail operation.
- Premium Accessibility: Located in one of Dover’s most frequented areas, offering easy access to customers and unparalleled retail operation potential.
- Investment Quality: Offers a potential cap rate that is attractive for investors looking for properties that are rarely available for purchase, not just lease.
Positioned in a high-demand area of Dover, Delaware, this property not only promises significant foot traffic and visibility but also represents an incredible investment in a predominantly land-lease market. The meticulous 2022 remodel ensures that every inch of the space is optimized for efficiency, functionality, and style, catering to a wide range of business ventures.
An Unmissable Investment Opportunity:
This auction offers more than just a commercial space; it provides a foundation for growth, visibility, and success in Dover's competitive retail landscape. The comprehensive upgrades and strategic location cater perfectly to businesses looking to establish or expand their presence in a thriving market. With everything in place for an immediate start, this property is a beacon for investors and entrepreneurs alike, seeking a venue that combines high traffic, excellent visibility, and modern facilities. Don’t miss out on this exceptional opportunity to invest in and own a prime piece of Dover’s commercial real estate, where your business can flourish amidst the best in the industry.
Parcel ID#: ED-05-06818-01-2900-000
County: Kent
Municipality: Dover City (E Dover Hundred)
Acres: (+/-) 0.24 acres
Zoning: Commercial (C-4)
Building Size: (+/-) 4,600 SF
Year Built: 1950
Tax Assessed Value - $992,800
The auction for this parcel will be held on-site at 12041 Cordova Road - Cordova, MD @ 11AM!
*Owner is retiring
Terms - Certified Funds of $50,000 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.
