1709 Delaware AveWilmington, DE 19806

Property Details for 1709 Delaware Ave

Year built

1930

Construction

CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

1,480 SF

Zone code

26C-1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

26-013.40-045

APU

2601340045

Description

This exceptional restaurant opportunity is located at 1709 Delaware Avenue in Wilmington, Delaware, within the desirable Trolley Square neighborhood. The property boasts a prime location in the heart of the Forty Acres dining scene, known for its diverse culinary offerings and strong community of food enthusiasts. This single-tenant space offers 3,936 square feet on a 0.08-acre lot in New Castle County, zip code 19806. The current lease commenced in 2022 and extends until 2027, presenting a strong investment opportunity for a prospective tenant. Trolley Square's charming atmosphere and high foot traffic create an ideal environment for a successful restaurant operation. The property's strategic location within this vibrant and popular dining destination ensures significant visibility and accessibility to a large customer base. This is a rare chance to secure a well-established restaurant space in a thriving Wilmington community. The asking lease price is not included in this listing.

• CAP approach

  CAP return

  Valuation

  6%

  $929,790

  6.5%

  $858,268

  7%

  $796,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $790,950

  Geo Method

  $487,310

• Alternative Use

  Use

  Valuation

  Residential

  $723,981

  Hospitality

  $663,163

  Educational

  $551,744

  Medical

  $570,719

  Retail

  $858,268

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7586

Longitude

-75.5626

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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