2511 4Th StWilmington, DE 19805
- Strip malls
- 7,293 SF
Property Details for 2511 4Th St
- Year built
- 1988
- Construction
- CONCRETE
- Lot size
- 0.54 AC
- Property size (Sq ft)
- 7,293 SF
- Zone code
- 26C-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 26-019.30-163
- APU
- 2601930163
Description
This exceptional retail storefront opportunity, part of the Hawley Plaza shopping center in Wilmington, Delaware, offers 2,040 square feet of immediately available space within a larger 10,200 square foot building. Built in 1988 and situated on a 0.54-acre lot, this property boasts high visibility from the roadway, providing excellent signage potential for increased brand awareness. The center features ample parking with a total of 35 spaces, ensuring convenient access for customers. Its strategic location off Greenhill Avenue places it in close proximity to numerous local parks and other established retailers, both large and small, creating a thriving commercial environment. The property is zoned C and is part of a multi-tenant building with a total of five suites. The minimum divisible space is 2,040 square feet, and the maximum contiguous space available is also 2,040 square feet. This presents a fantastic chance for businesses seeking a well-located, highly visible retail space in a bustling Wilmington commercial area. The property's convenient location and ample parking make it an attractive option for a variety of retail uses. Don't miss this opportunity to establish your business in a prime Wilmington location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,526,570
- 6.5%
- $3,255,290
- 7%
- $3,022,770
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,608,520
- Geo Method
- $991,020
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $6,304,060
- Mixed-Use / Specialty
- $3,261,500
- Hospitality / Lodging
- $2,416,050
- Office
- $3,260,680
- Institutional / Educational
- $3,397,010
- Residential Income
- $3,974,500
- Multifamily
- $4,668,060
- Automotive / Energy
- $2,911,720
- Parking / Income-Based Land
- $987,202
- Restaurant / Food Service
- $1,734,350
- Healthcare / Senior Housing
- $3,326,340
Location Insight
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Latitude
- 39.752
- Longitude
- -75.5789
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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