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Listed by Arthur Pappas and Zachary Pappas of KW Coastal and Lakes & Mountains Realty

Listing Sold by Colliers International
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.

More Info

Tax Information

  • Tax Year2021

Building

  • Year Built1920
  • NumberOfUnitsInCommunity7
  • BasementUnfinished
  • Garage Spaces

Exterior

  • ExteriorBrick, Clapboard, Combination, Other

Legal

  • Taxes$16,082
  • OtherStructuresLand/Building
  • ZoningCBD-G

Basic Information

  • StatusSLD
  • Modification Date01/13/2023
  • TypeInvestment, Other, Retail
  • List Price$1,595,000
  • Broker NameKW Coastal and Lakes & Mountains Realty
  • Listing Agent NameArthur Pappas
  • Lister Office NameKW Coastal and Lakes & Mountains Realty
  • Seller Office NameColliers International
  • Selling Agent NameDavid Choate
  • MLS Number4932548
  • MLS StatusClosed

Location

  • Building Number511
  • StreetCentral Avenue
  • TownDover
  • StateNH
  • Zip03820
  • CountyStrafford
  • Map4

Property

  • Acreage0.23
  • Property TypeCommercial Sale
  • Lot Sqft10,019

Other

  • Date Listed10/06/2022
  • View Count6

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Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 December 8, 2023 6:38 AM EST

 

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