3300 Concord PikeWilmington, DE 19803

Property Details for 3300 Concord Pike

Year built

1960

Construction

CONCRETE

Lot size

0.58 AC

Property size (Sq ft)

8,738 SF

Zone code

CN

Property type

Retail space

APN

06-064.00-075

APU

606400075

Description

This exceptional commercial property at 3300 Concord Pike in Wilmington, Delaware, offers 7,066 square feet of versatile retail and office space currently available for lease. The building is ideally suited for multiple tenants, with spaces ranging from a minimum of 1,302 square feet to a maximum contiguous space of 2,130 square feet. The entire 7,066 square feet is currently vacant, presenting a unique opportunity for a single large tenant or multiple smaller businesses seeking a prestigious location. Situated in Wilmington, DE, 19803, this property boasts excellent visibility and accessibility, making it an attractive option for a variety of businesses. The "Executive Office" designation highlights the high-quality finishes and professional atmosphere suitable for businesses seeking a sophisticated image. The property's classification as both "Retail" and "Office" suggests flexibility in its potential uses, catering to a broad range of commercial needs. Interested parties are encouraged to inquire about lease terms and explore the possibilities this prime Wilmington location offers. The property's convenient location and ample square footage make it an ideal choice for businesses seeking to establish or expand their presence in the vibrant Wilmington market. This is a rare opportunity to secure a significant amount of high-quality commercial space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,225,300

  6.5%

  $3,900,280

  7%

  $3,621,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,927,220

  Geo Method

  $1,187,380

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,553,110

  Mixed-Use / Specialty

  $3,907,720

  Hospitality / Lodging

  $2,894,750

  Office

  $3,906,730

  Institutional / Educational

  $4,070,080

  Residential Income

  $4,761,990

  Multifamily

  $5,592,960

  Automotive / Energy

  $3,488,640

  Parking / Income-Based Land

  $1,182,800

  Restaurant / Food Service

  $2,077,980

  Healthcare / Senior Housing

  $3,985,410

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.8015

Longitude

-75.5486

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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