2501 Silverside RdWilmington, DE 19810

Property Details for 2501 Silverside Rd

Year built

1965

Construction

CONCRETE

Lot size

0.59 AC

Property size (Sq ft)

11,175 SF

Zone code

ON

Property type

Healthcare properties

Property subtype

Medical offices

APN

06-054.00-070

APU

605400070

Description

This exceptional 6,810-square-foot medical office space is located in a single-story, freestanding building at 2501 Silverside Road, Wilmington, Delaware, 19810. Situated in New Castle County, this single-tenant property offers a prime location for medical practices seeking a dedicated and spacious facility. The building's design is ideal for a variety of medical uses, providing ample room for patient care, administrative functions, and support services. The property is conveniently located in Wilmington, offering easy access to major roadways and a strong patient base. This presents a unique opportunity for a medical practice to establish or expand its operations in a well-established and accessible location. The entire building is also available for purchase for $1,995,000, providing an attractive investment opportunity for those seeking ownership. This property is a single-tenant office space, offering a dedicated and private environment for medical professionals. The address is easily accessible and visible, ensuring high visibility for the practice. The property's size and layout are highly adaptable to various medical specialties and practice sizes. This is a rare opportunity to secure a substantial and well-located medical office space in a thriving Delaware community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,775,882

  6.5%

  $4,408,506

  7%

  $4,093,613

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,369,923

  Geo Method

  $1,460,126

• Alternative Use

  Use

  Valuation

  Residential

  $5,466,548

  Hospitality

  $5,007,328

  Educational

  $4,166,039

  Medical

  $4,309,315

  Retail

  $6,480,504

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.8091

Longitude

-75.5158

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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