1611 Pennsylvania AveWilmington, DE 19806

  • Retail properties
  • 4,029 SF
For Lease
$40/SF/YR View listing

Property Details for 1611 Pennsylvania Ave

Year built
1970
Construction
BRICK
Lot size
0.48 AC
Property size (Sq ft)
4,029 SF
Zone code
26C-2
Property type
Retail properties
Property subtype
Turn key restaurants
APN
26-020.10-205
APU
2602010205

Description

This exceptional 4,000-square-foot retail property, situated on a 4.5-acre lot at 1611 Pennsylvania Avenue in Wilmington, Delaware, presents a remarkable investment opportunity. Its prime location at a signalized intersection on Pennsylvania Avenue, near North Dupont, ensures high visibility and significant traffic flow. The property benefits from easy access to downtown Wilmington and surrounding neighborhoods, making it highly convenient for customers. The building's single-tenant occupancy offers flexibility and control, while its prior tenant's fixtures, fittings, and equipment (FF&E) are included, potentially saving significant upfront costs for a new operator. The property's versatility makes it ideal for a variety of uses, including fast food and quick-service restaurants (QSR), general retail businesses, or medical practices. Its strategic location offers excellent exposure to a densely populated area, maximizing potential customer reach. Furthermore, its proximity to major roadways, such as Routes 95 and 202, provides easy access for both customers and employees. This property represents a rare chance to acquire a well-positioned, versatile retail space in a thriving Wilmington location. The substantial lot size offers ample parking and potential for future expansion. Don't miss this opportunity to secure a prime commercial property in a high-demand area.

1611 Pennsylvania Ave, Wilmington, Delaware

Location Insight

City
Wilmington
County
New Castle
State
Delaware
Latitude
39.7549
Longitude
-75.5642
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
$13,243
$250,900
$235,200
$486,100
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