Investing in real estate is an important component to any investor’s portfolio. While the real estate market is notoriously under-performing at present, it is the most opportune time to invest. Mortgage rates are historically low. Cap rates, an important measure of investment real estate pricing, are creeping up, lowering prices. So lower prices and lower financing rates equals bargains for the astute investor. Investment real estate comes in many varieties. Retail properties, office properties, industrial properties, even residential properties all offer outstanding opportunities. Downtown Dover even offers mixed – use properties, which include both residential and commercial in one building, offering investors an even broader market for rental opportunities. McGinnis Commercial Real Estate Company offers guidance on investing in all types of properties. A review of our website will illustrate the investment properties we currently offer. And as a member of the MLS, we can assist you in investing in properties offered on the market listed by other brokers.
McGinnis Commercial Real Estate Company specializes in non – residential real estate, however, we broker a wide variety of properties in the local market area, including residential investments. The Raubacher 27 West Loockerman Street Property is unique in that it is a mixed – use property, with commercial us on the ground floor, and multi – family residential use on the second and third floors. This type of property appeals to a broader market of investor because leasing potential crosses two markets. The Downtown Dover location is attractive to residential tenants because they can walk to work, walk to recreation, and walk to entertainment. The commercial component, currently a fully – equipped restaurant, is located close to the government offices of the city and state, and close to the legal community surrounding the Green and world – famous Delaware courts. All property details are contained on the website.
McGinnis Commercial Real Estate Company is proud to announce that we have listed the Braun Properties LLC property located at 429 South Governors Avenue in Dover, Kent County, Delaware, for sale. This property is unique in that there is a 4,096 square foot, two – story frame office building, and there is also a half – acre vacant site available for expansion of the existing building, or development of a new building. The vacant site fronts Water Street. The office building was renovated in 2007, and has numerous features including zoned HVAC, built – in cabinets and counters, and other such features. We can arrange a showing of this property at your earliest convenience. You can download a property profile for this property under the Office Sale properties tag from the home page.