205 Philadelphia PikeWilmington, DE 19809
- Office properties
- 918 SF
Property Details for 205 Philadelphia Pike
- Year built
- 1920
- Construction
- CONCRETE
- Lot size
- 0.27 AC
- Property size (Sq ft)
- 918 SF
- Zone code
- CR
- Property type
- Office properties
- APN
- 06-139.00-063
- APU
- 613900063
Description
This exceptional 1,600 square foot executive office suite presents a fantastic opportunity for a single tenant seeking a prominent location on Philadelphia Pike in New Castle County. The property boasts a highly desirable layout, featuring two bathrooms (one on each of the two floors), a dedicated conference room, a convenient kitchenette, and a welcoming reception area. Two separate entrances, one at the front and one at the back of the building, provide both convenience and flexibility. A walkout basement offers additional storage or expansion potential. The strategic location on Philadelphia Pike ensures high visibility and accessibility, while the property's position outside the Wilmington city limits means significant savings on city taxes. This is a rare opportunity to secure a well-appointed, spacious office suite in a prime location. The owner is open to subdividing the space to accommodate the right tenant's specific needs. The property is currently vacant and ready for immediate occupancy. The total building square footage is 1,600 square feet.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $392,328
- 6.5%
- $362,148
- 7%
- $336,281
-
Comparable approach
- Method
- Valuation
- Relative Method
- $194,684
- Geo Method
- $119,946
-
Alternative Use
- Use
- Valuation
- Residential
- $449,064
- Hospitality
- $411,340
- Educational
- $342,230
- Medical
- $354,000
- Retail
- $532,358
Location Insight
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Latitude
- 39.7648
- Longitude
- -75.5143
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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