805 13Th StWilmington, DE 19802

Property Details for 805 13Th St

Year built

1967

Construction

CONCRETE

Lot size

0.91 AC

Property size (Sq ft)

24,000 SF

Zone code

26M-1

Property type

Manufacturing properties

APN

26-036.20-003

APU

2603620003

Description

This exceptional 28,895-square-foot industrial property, located at 805 E 13th Street in Wilmington, Delaware, presents a rare opportunity for lease. The building, classified as both manufacturing and distribution space, sits on a two-acre lot in New Castle County, offering ample space for parking, equipment storage, or future expansion. The property features a single tenancy, making it ideal for a business seeking a dedicated space. High ceilings, measuring 20 feet, provide significant vertical clearance for various operational needs. Loading and unloading are facilitated by four loading docks and one drive-in door. The building is equipped with robust three-phase 240-amp power. Recently renovated office space boasts new flooring, paint, bathrooms, and fixtures, creating a modern and functional workspace. Its strategic location off Northeast Boulevard provides easy access to major transportation arteries, including Interstates 95 and 495, and is conveniently situated just ten minutes from the Port of Wilmington. This property is perfectly suited for light manufacturing, e-commerce operations, or distribution businesses seeking a well-appointed and strategically located facility in the Wilmington area. The 19802 zip code ensures easy access to local amenities and a skilled workforce. This is a unique opportunity to secure a high-quality industrial space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $22,474,400

  6.5%

  $20,745,600

  7%

  $19,263,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,143,630

  Geo Method

  $5,017,340

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $10,712,600

  Mixed-Use / Specialty

  $10,733,000

  Hospitality / Lodging

  $7,950,800

  Office

  $10,730,300

  Institutional / Educational

  $11,179,000

  Residential Income

  $13,079,400

  Multifamily

  $15,361,800

  Automotive / Energy

  $9,581,980

  Parking / Income-Based Land

  $3,248,710

  Restaurant / Food Service

  $5,707,440

  Healthcare / Senior Housing

  $10,946,400

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7453

Longitude

-75.5368

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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