1400 12Th StWilmington, DE 19802

Property Details for 1400 12Th St

Year built

1928

Construction

CONCRETE

Lot size

9.19 AC

Property size (Sq ft)

17,978 SF

Zone code

26M-2

Property type

Warehouses

APN

26-045.00-006

APU

2604500006

Description

This exceptional 80,000-square-foot industrial property, located at 1400 E 12th St in Wilmington, Delaware, presents a significant opportunity for businesses seeking a single-tenant space. The building is entirely vacant and ready for immediate occupancy. The property boasts a flexible layout suitable for manufacturing or warehousing operations, featuring high ceilings ranging from 13'6" to an impressive 22'3". This allows for efficient storage and the accommodation of various equipment. Loading and unloading are facilitated by three conveniently located loading docks and two drive-in doors, ensuring smooth and efficient logistics. Situated in New Castle County, this prime location offers excellent access to major transportation routes, streamlining distribution and supply chain management. The property's total square footage is 80,000 square feet, providing ample space for a wide range of industrial needs. The address is 1400 E 12th St, Wilmington, DE 19802. This is a single-tenant property, ideal for a business seeking a dedicated and expansive facility. The property is classified as both manufacturing and warehouse space, offering versatility for various industrial applications.

• CAP approach

  CAP return

  Valuation

  6%

  $16,835,200

  6.5%

  $15,540,200

  7%

  $14,430,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,100,260

  Geo Method

  $3,758,410

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $8,024,630

  Mixed-Use / Specialty

  $8,039,940

  Hospitality / Lodging

  $5,955,810

  Office

  $8,037,910

  Institutional / Educational

  $8,373,990

  Residential Income

  $9,797,560

  Multifamily

  $11,507,200

  Automotive / Energy

  $7,177,700

  Parking / Income-Based Land

  $2,433,560

  Restaurant / Food Service

  $4,275,350

  Healthcare / Senior Housing

  $8,199,770

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7398

Longitude

-75.5296

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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