4700 Limestone RdWilmington, DE 19808

Property Details for 4700 Limestone Rd

Year built

1980

Construction

BRICK

Lot size

30.74 AC

Property size (Sq ft)

68,876 SF

Zone code

CR

Property type

Retail properties

Property subtype

Outlet malls

APN

08-037.10-001

APU

803710001

Description

This exceptional retail property, located at 4700 Limestone Road in Wilmington, Delaware (zip code 19808), offers a unique investment opportunity. The freestanding building boasts a total of 229,330 square feet and comprises six individual suites, perfect for a variety of retail or restaurant uses. Currently, there is 10,413 square feet of vacant space available, offering flexibility for businesses of varying sizes. Suite sizes range from a minimum of 381 square feet to a maximum contiguous space of 2,623 square feet, catering to diverse tenant needs. The property's strategic location in New Castle County provides excellent access to Kirkwood Highway, ensuring high visibility and convenient access for customers. Its proximity to Goldey-Beacom College further enhances its appeal, providing a steady stream of potential clientele. The existing tenancy includes a mix of national and regional retailers, creating a vibrant and established commercial environment. This property presents a compelling opportunity for investors and businesses seeking a well-located and versatile retail space in a thriving Delaware market. The property is situated at 39.7398999 latitude and -75.6921009 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $43,270,440

  6.5%

  $39,941,944

  7%

  $37,088,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,809,100

  Geo Method

  $22,678,332

• Alternative Use

  Use

  Valuation

  Residential

  $33,692,524

  Hospitality

  $30,862,172

  Educational

  $25,676,964

  Medical

  $26,560,034

  Retail

  $39,941,944

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7396

Longitude

-75.6921

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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