3230 Philadelphia PikeClaymont, DE 19703

  • Retail properties
  • 7,224 SF
For Sale

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,538,383
    6.5%
    $4,189,276
    7%
    $3,890,042
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,860,691
    Geo Method
    $2,378,597
  • Alternative Use

    Use
    Valuation
    Residential
    $3,533,812
    Hospitality
    $3,236,952
    Educational
    $2,693,106
    Medical
    $2,785,726
    Retail
    $4,189,276
3230 Philadelphia Pike, Claymont, Delaware

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,369
$58,800
$172,600
$231,400
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-
-
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