5400 Limestone RdWilmington, DE 19808

Property Details for 5400 Limestone Rd

Year built

2005

Construction

CONCRETE

Lot size

4.66 AC

Property size (Sq ft)

588 SF

Zone code

NCPUD

Property type

Office properties

Property subtype

Other office properties

APN

08-030.00-061

APU

803000061

Description

This exceptional commercial property, located at 5400 Limestone Road in Wilmington, Delaware, presents a unique investment opportunity. The property encompasses a substantial 9,000 square feet of retail space distributed across two stories, currently vacant and available for immediate occupancy. Situated on a generous 4.66-acre lot, this site offers significant flexibility for a variety of retail uses. The property is categorized as both retail and land, allowing for potential ground lease arrangements or build-to-suit development. The single-tenant configuration provides an ideal setting for a flagship store or a business seeking a prominent location. The property's location within New Castle County, in a suburban area characterized by high-density housing and affluent demographics, ensures high visibility and strong potential for customer traffic. The zip code is 19808. This presents a rare chance to acquire a substantial retail space in a desirable location with the potential for significant return on investment. The property's size and location make it an attractive option for businesses seeking to establish a strong presence in the Wilmington market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $251,295

  6.5%

  $231,964

  7%

  $215,395

• Comparable approach

  Method

  Valuation

  Relative Method

  $124,699

  Geo Method

  $76,828

• Alternative Use

  Use

  Valuation

  Residential

  $287,636

  Hospitality

  $263,473

  Educational

  $219,206

  Medical

  $226,745

  Retail

  $340,988

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7461

Longitude

-75.7007

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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