1806 Van Buren StWilmington, DE 19802

Property Details for 1806 Van Buren St

Year built

1964

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

3,528 SF

Zone code

26R-3

Property type

Healthcare properties

Property subtype

Medical offices

APN

26-014.40-010

APU

2601440010

Description

This exceptional 7,010+/- square foot medical office building presents a lucrative investment opportunity in Wilmington, Delaware. Priced at $1,450,000, this two-story structure boasts 6,005+/- square feet of rentable office space, ideal for a variety of medical practices. Constructed of durable brick and block, the building is situated on two parcels, #26-014.40-010 and 26-014.30-009, and benefits from an R-3 zoning designation. Its strategic location near major transportation arteries, including I-95 and Routes 202, 52, and 13, ensures excellent accessibility for patients and staff. The property's size and location make it an attractive option for established medical practices seeking expansion or new ventures looking for a well-positioned facility. This turnkey opportunity offers a chance to acquire a high-quality medical office building in a thriving Delaware market. Detailed property records and further information are available upon request. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,507,768

  6.5%

  $1,391,786

  7%

  $1,292,373

• Comparable approach

  Method

  Valuation

  Relative Method

  $748,196

  Geo Method

  $460,968

• Alternative Use

  Use

  Valuation

  Residential

  $1,725,815

  Hospitality

  $1,580,837

  Educational

  $1,315,238

  Medical

  $1,360,471

  Retail

  $2,045,926

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7575

Longitude

-75.5475

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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