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Listed by Arthur Pappas and Zachary Pappas of Keller Williams Coastal Realty
Downtown Dover-Prime Investment and Development Opportunity-Great Cap Rate- A+ Location-Off Street Parking-Fully leased! Additional parcel in the rear also available for great development potential! Over 6% cap rate! 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 fully leased, 7 unit building. Both commercial 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. * Financials will be shared with NDA in place. ** NOTE: Showings require 48 hour notice minimum and only accommodated Mondays and Tuesdays.

Property Details of 511 Central Avenue

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 28, 2021.

 

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