101 Greenbank RdWilmington, DE 19808

Property Details for 101 Greenbank Rd

Year built

1962

Construction

CONCRETE

Lot size

1.02 AC

Property size (Sq ft)

8,328 SF

Zone code

CR

Property type

Retail space

APN

07-037.20-099

APU

703720099

Description

This exceptional single-tenant retail property, located at 101 Greenbank Road in Wilmington, Delaware, offers 8,400 square feet of versatile space on a 1.01-acre lot. Situated in New Castle County, this property boasts a highly desirable location with excellent visibility and accessibility. The building features ample parking, accommodating 40+ vehicles, ensuring convenient access for customers and employees. The property's single-tenant occupancy provides a stable and predictable income stream. The address, 101 Greenbank Road, Wilmington, DE 19808, places the property in a thriving commercial area, offering significant potential for a variety of retail businesses. The substantial square footage allows for flexible layouts and configurations to suit diverse operational needs. With its strategic location, ample parking, and generous space, this property presents a compelling opportunity for businesses seeking a prominent presence in the Wilmington market. The property's size and location make it ideal for a wide range of retail uses. The 1.01 acres of land provide ample space for potential expansion or outdoor amenities. This is a rare opportunity to acquire a well-located, substantial retail property in a growing area of Wilmington. The property is ready for immediate occupancy, offering a seamless transition for new businesses. Interested parties are encouraged to inquire for further details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $4,027,050

  6.5%

  $3,717,270

  7%

  $3,451,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,836,800

  Geo Method

  $1,131,660

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,198,710

  Mixed-Use / Specialty

  $3,724,360

  Hospitality / Lodging

  $2,758,930

  Office

  $3,723,420

  Institutional / Educational

  $3,879,110

  Residential Income

  $4,538,550

  Multifamily

  $5,330,530

  Automotive / Energy

  $3,324,950

  Parking / Income-Based Land

  $1,127,300

  Restaurant / Food Service

  $1,980,480

  Healthcare / Senior Housing

  $3,798,400

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7385

Longitude

-75.6234

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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