5810 Kirkwood HwyWilmington, DE 19808

Property Details for 5810 Kirkwood Hwy

Year built

1972

Construction

CONCRETE

Lot size

2.05 AC

Property size (Sq ft)

22,094 SF

Zone code

CN

Property type

Retail properties

Property subtype

Retail space

APN

08-049.40-024

APU

804940024

Description

Kirkwood Square Shopping Center, located at 5810 Kirkwood Highway in Wilmington, Delaware (zip code 19808), presents a compelling retail investment opportunity. This 19,749 square foot strip center boasts a highly visible location at the well-lit intersection of Kirkwood Highway and Delaware Park Drive, ensuring excellent accessibility and exposure. The property is zoned CN (Commercial Neighborhood) within New Castle County. The center currently offers three available suites, ranging from a minimum of 1,750 square feet to a maximum contiguous space of 15,521 square feet. A total of 23,021 square feet is currently vacant, presenting significant potential for expansion or new tenancy. The property features abundant parking for customer convenience. Tenants benefit from prominent pylon signage on two separate structures, maximizing visibility and brand recognition. Lease terms are based on a modified gross rent structure, offering a simplified and potentially more attractive option for prospective tenants. This prime retail location in a thriving Wilmington neighborhood offers an exceptional opportunity for businesses seeking high visibility and convenient access.

• CAP approach

  CAP return

  Valuation

  6%

  $13,880,265

  6.5%

  $12,812,552

  7%

  $11,897,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,807,600

  Geo Method

  $7,274,741

• Alternative Use

  Use

  Valuation

  Residential

  $10,807,867

  Hospitality

  $9,899,948

  Educational

  $8,236,640

  Medical

  $8,519,911

  Retail

  $12,812,552

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7128

Longitude

-75.6758

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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