1809 Marsh RdWilmington, DE 19810

Property Details for 1809 Marsh Rd

Year built

1935

Construction

CONCRETE

Lot size

0.47 AC

Property size (Sq ft)

624 SF

Zone code

CN

Property type

Healthcare properties

Property subtype

Medical offices

APN

06-068.00-121

APU

606800121

Description

This exceptional 0.47-acre commercial land parcel presents a compelling redevelopment opportunity in Wilmington, Delaware. Located at 1809 Marsh Road, this property boasts a highly desirable Commercial Neighborhood (CN) zoning designation, offering significant flexibility for a variety of commercial ventures. The site currently features a 1,300 square foot structure and seven existing parking spaces, providing a solid foundation for future development. The property's strategic location ensures high visibility and accessibility, with traffic counts exceeding 18,000 vehicles per day. This translates to substantial potential for attracting customers and maximizing business exposure. The parcel's APN is 0606800121. This is an excellent chance to capitalize on a prime location in a thriving Delaware market. The asking price for this exceptional redevelopment opportunity is $850,000. Don't miss this chance to acquire a valuable asset with significant upside potential in a high-traffic area of Wilmington. The property is situated in New Castle County, Delaware, and its zip code is 19810. The coordinates are 39.802945 latitude and -75.5041258 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $266,680

  6.5%

  $246,166

  7%

  $228,583

• Comparable approach

  Method

  Valuation

  Relative Method

  $132,334

  Geo Method

  $81,532

• Alternative Use

  Use

  Valuation

  Residential

  $305,246

  Hospitality

  $279,604

  Educational

  $232,627

  Medical

  $240,628

  Retail

  $361,864

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.8028

Longitude

-75.504

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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