2511 4Th StWilmington, DE 19805

  • Retail properties
  • 7,293 SF
For Lease
$20/SF/YR View listing

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
Retail properties
Property subtype
Strip malls
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%
    $4,581,732
    6.5%
    $4,229,290
    7%
    $3,927,198
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,897,566
    Geo Method
    $2,401,316
  • Alternative Use

    Use
    Valuation
    Residential
    $3,567,565
    Hospitality
    $3,267,870
    Educational
    $2,718,830
    Medical
    $2,812,334
    Retail
    $4,229,290
2511 4Th St, Wilmington, Delaware

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

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
-
$99,900
$346,900
$446,800
-
-
-
-

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