301 Old Dupont RdWilmington, DE 19804

  • Office properties
  • 3,690 SF
For Lease
$168/SF/YR View listing

Property Details for 301 Old Dupont Rd

Year built
1970
Construction
CONCRETE
Lot size
0.39 AC
Property size (Sq ft)
3,690 SF
Zone code
19HD
Property type
Office properties
APN
19-005.00-172
APU
1900500172

Description

This exceptional opportunity presents two executive office suites for lease within a three-story building situated in a highly convenient Elsmere location. The building enjoys a prime position between Kirkwood Highway (Route 2) and Maryland Avenue, offering easy access to major transportation routes. One suite, located on the first floor, encompasses 750 square feet and is available for $875 per month. A second suite, equally spacious at 750 square feet, is situated on the second floor and is offered at a monthly rent of $850. Both suites are single-tenant spaces, providing privacy and control over your workspace. A significant benefit is that heat is included in the monthly rental rate, reducing operational costs. The building itself provides ample off-street parking for tenants and visitors, supplemented by readily available on-street parking options. This makes commuting and client access exceptionally convenient. These suites are ideal for businesses seeking a professional, well-located, and cost-effective office space in a thriving Delaware community. The building's strategic location and the inclusion of heat in the rent make these suites a compelling investment for any discerning business. Contact us today to schedule a viewing and secure your preferred space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,577,003
    6.5%
    $1,455,695
    7%
    $1,351,717
  • Comparable approach

    Method
    Valuation
    Relative Method
    $782,552
    Geo Method
    $482,135
  • Alternative Use

    Use
    Valuation
    Residential
    $1,805,062
    Hospitality
    $1,653,427
    Educational
    $1,375,632
    Medical
    $1,422,942
    Retail
    $2,139,871

Location Insight

City
Wilmington
County
New Castle
State
Delaware
Latitude
39.7364
Longitude
-75.5881
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,760
$34,000
$201,000
$235,000
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