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Listed by Arthur Pappas and Zachary Pappas of KW Coastal and Lakes & Mountains Realty
Downtown Dover-Prime Investment Opportunity-Great Cap Rate- A+ Location-Off Street Parking-Fully leased Offering 8.17% 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. One is a national, corporate tenant that just renewed their lease 10/2022 and the other retail tenant has been here for many years. 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.

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