3230 Philadelphia PikeClaymont, DE 19703

Property Details for 3230 Philadelphia Pike

Year built

1920

Construction

CONCRETE

Lot size

0.45 AC

Property size (Sq ft)

7,224 SF

Zone code

CN

Property type

Retail space

APN

06-084.00-547

APU

608400547

Description

This exceptional retail property, situated at 3230 Philadelphia Pike in Claymont, Delaware, presents a compelling investment opportunity. Boasting a highly visible location on Philadelphia Pike, this 0.45-acre lot offers significant potential for a variety of commercial ventures. The property's prime position within an up-and-coming area of Claymont ensures high traffic volume and excellent exposure to potential customers. The existing structure presents numerous possibilities for redevelopment or adaptive reuse, catering to a wide range of business needs. The substantial lot size allows for ample parking and potential expansion. This property is ideally suited for entrepreneurs and investors seeking a strategic foothold in a thriving Delaware market. Its prominent location and development potential make it an attractive proposition for those seeking to establish a successful business in a high-growth area. Further details regarding the property's specifics are available upon request. This is a rare opportunity to acquire a strategically located retail property in a rapidly developing area of Claymont, Delaware. Don't miss out on this chance to secure a prime commercial space with significant upside potential. Contact us today to learn more and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $3,493,200

  6.5%

  $3,224,490

  7%

  $2,994,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,593,300

  Geo Method

  $981,643

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,244,410

  Mixed-Use / Specialty

  $3,230,640

  Hospitality / Lodging

  $2,393,190

  Office

  $3,229,830

  Institutional / Educational

  $3,364,870

  Residential Income

  $3,936,900

  Multifamily

  $4,623,890

  Automotive / Energy

  $2,884,180

  Parking / Income-Based Land

  $977,862

  Restaurant / Food Service

  $1,717,940

  Healthcare / Senior Housing

  $3,294,870

Location Insight

City

Claymont

County

New Castle

State

Delaware

Latitude

39.7996

Longitude

-75.4611

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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