2200 Concord PikeWilmington, DE 19803

Property Details for 2200 Concord Pike

Year built

1973

Construction

ADOBE

Lot size

11.50 AC

Property size (Sq ft)

13,225 SF

Zone code

OR

Property type

Office properties

Property subtype

Other office properties

APN

06-089.00-095

APU

608900095

Description

This exceptional 14,059-square-foot executive office suite is available for sublease on the third floor of a well-maintained building at 2200 Concord Pike. The lease expires August 31, 2025, offering a significant opportunity for a business seeking immediate occupancy. The entire floor is available, providing ample space for a growing company or a business requiring a substantial footprint. Currently undergoing renovations, the building lobby will soon boast a refreshed and modern aesthetic. The property offers the convenience of free surface parking, eliminating the hassle of finding and paying for parking. Tenants enjoy the added benefit of on-site amenities, including a banking facility, a fitness center, and a cafe, enhancing convenience and employee well-being. Strategically located on Route 202, this property provides excellent visibility and is within close proximity to a variety of restaurants, banks, and shopping options, catering to the needs of employees and clients alike. Its location offers easy access to Interstate 95, just one mile away, ensuring seamless connectivity to regional transportation networks. Commuting is further simplified by the accessibility of Dart Bus Route 28, providing convenient public transportation options. The property's proximity to the City of Wilmington adds to its appeal, offering easy access to the city's amenities and business opportunities. This is a rare opportunity to secure a substantial, well-located executive office space with a desirable lease term.

• CAP approach

  CAP return

  Valuation

  6%

  $5,651,994

  6.5%

  $5,217,226

  7%

  $4,844,567

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,804,674

  Geo Method

  $1,727,978

• Alternative Use

  Use

  Valuation

  Residential

  $6,469,360

  Hospitality

  $5,925,899

  Educational

  $4,930,278

  Medical

  $5,099,838

  Retail

  $7,669,322

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7908

Longitude

-75.5481

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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