1400 Franklin StWilmington, DE 19806

Property Details for 1400 Franklin St

Lot size

0.14 AC

Zone code

26R5-C

Property type

Commercial real estate

APN

26-020.40-086

APU

2602040086

Description

This exceptional 6,098 square foot traditional office building at 1400 N Franklin St, Wilmington, DE 19806, offers a unique opportunity. Located in the vibrant Trolley Square neighborhood, this single-tenant property boasts a flexible layout ideal for various business needs. The space is configured across the first and second floors, providing a variety of office sizes and configurations to suit different team sizes. Modern amenities include stylish conference rooms, a contemporary kitchen and lounge area, high-speed internet, and on-site printing facilities. The building fosters a collaborative environment, perfect for startups, freelancers, small businesses, or remote teams seeking a dynamic workspace. Conveniently situated near public transportation and local amenities, this property also benefits from professional on-site management. Flexible lease terms are available, with options to lease the entire building, the first floor, or the second floor independently. This is a truly exceptional opportunity to secure a prime office space in a thriving Wilmington location. The property's total square footage is 6,098 square feet, with a single tenant currently occupying 3,750 square feet. The building offers a modern and stylish environment, designed to enhance productivity and collaboration. The location in Trolley Square provides easy access to a variety of restaurants, shops, and other businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,953,600

  6.5%

  $2,726,400

  7%

  $2,531,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,293,230

  Geo Method

  $796,765

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,271,100

  Retail / Commercial

  $2,721,890

  Mixed-Use / Specialty

  $2,727,080

  Hospitality / Lodging

  $2,020,170

  Office

  $2,726,400

  Institutional / Educational

  $2,840,390

  Residential Income

  $3,323,260

  Multifamily

  $3,903,170

  Automotive / Energy

  $2,434,620

  Parking / Income-Based Land

  $825,443

  Restaurant / Food Service

  $1,450,160

  Healthcare / Senior Housing

  $2,781,300

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7542

Longitude

-75.5579

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

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