113 8Th StWilmington, DE 19801

Property Details for 113 8Th St

Year built

1955

Construction

CONCRETE

Lot size

0.02 AC

Property size (Sq ft)

920 SF

Zone code

26C-3

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

26-035.20-071

APU

2603520071

Description

This exceptional 920 +/- square foot retail space, located at 113 W 8th St in Wilmington, Delaware, presents a unique leasing opportunity. Classified as a Class B property, this single-tenant unit boasts an open concept layout, ideal for a variety of businesses. Situated in the vibrant heart of Downtown Wilmington, the property benefits from its proximity to numerous new apartment developments, ensuring a strong potential customer base. The contemporary design and convenient layout offer a blank canvas for businesses seeking to establish or expand their presence. The address is 113 W 8th St, Wilmington, DE 19801. The property is categorized as both retail and office space, offering flexibility for diverse business needs. This is a single-tenant occupancy building, providing a private and controlled environment for your operations. While the total building square footage is not specified, the available space is perfectly suited for businesses seeking a modern and efficient workspace in a thriving urban setting. The property's location in Downtown Wilmington offers excellent visibility and accessibility, making it an attractive option for businesses looking to capitalize on the area's growth and dynamism. This is an opportunity to secure a well-positioned space in a rapidly developing area of Wilmington.

• CAP approach

  CAP return

  Valuation

  6%

  $487,546

  6.5%

  $450,042

  7%

  $417,897

• Comparable approach

  Method

  Valuation

  Relative Method

  $302,417

  Geo Method

  $186,321

• Alternative Use

  Use

  Valuation

  Residential

  $450,042

  Hospitality

  $412,236

  Educational

  $342,976

  Medical

  $354,771

  Retail

  $533,518

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.744

Longitude

-75.5503

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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