708 Philadelphia Pike - Storefront Retail/Office FOR SALE


Wilmington, DE 19809
$900,000 USD
302-561-0385
708 Philadelphia Pike, Wilmington, DE for Sale
$900,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 7.6% Cap Rate

708 Philadelphia Pike
Wilmington, DE 19809


HIGHLIGHTS

  • Two separate, fully leased buildings with plenty of free, off-street parking
  • Potential to increase income with below-market rents
  • Low maintenance building for ease of ownership
  • 4 new gas-fired HVAC units installed in 2023
  • Great visibility with 170' lot frontage
  • Dock door

OVERVIEW

This well-positioned suburban office/retail property presents an excellent opportunity for investors with the potential to increase income with below-market rents. Situated on busy Route 13, this high-visibility property offers excellent accessibility just 1.5 miles from I-495, 1 mile from I-95, and 2.7 miles from Wilmington's Central Business District. The property is within walking distance to shopping and restaurants. NCC tentative assessed value of $1,020,000.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

17MX2-Mixed Use 2

APN/PARCEL ID

17-001.00-001

ASK ABOUT THIS PROPERTY

Lorraine SheldonNAI Emory HillMore Info
302-561-0385

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Lorraine SheldonNAI Emory HillMore Info
302-561-0385

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.