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    1601 Milltown Rd Wilmington, DE 19808

    For Sale
    $299,000

    Prime Wilmington location, 1700+ sq ft, 3 levels.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use property, located at 1601 Milltown Road Unit 21 in Wilmington, Delaware, presents a unique investment opportunity. Boasting a generous 1700+ square feet of space, this three-level unit offers unparalleled versatility for a variety of office-based businesses. The flexible layout allows for the creation of two to three distinct office or business areas, thanks to the convenient placement of both front and rear entrances. This adaptability makes it ideal for businesses requiring separate workspaces or those seeking to maximize rental income through subleasing. The property's location in Wilmington ensures easy access to major transportation routes and a thriving business community. Ample parking is available on-site, providing convenient access for employees and clients. The asking price for this exceptional property is $299,000. This is a rare opportunity to acquire a well-situated, spacious, and adaptable commercial property in a desirable Delaware location. The potential for return on investment is significant, making this an attractive proposition for both established businesses and savvy investors. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 1601 Milltown Rd

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1981
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Equity Search Inc Tax Consultant Law Office of Thomas ... Attorney Smile Solutions by ... Dentist Jeffrey J. Emmi, ... Dentist Dr. Peter F. ... Oral Surgeon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.67091
    Latitude
    39.7288

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Wilmington location, 1700+ sq ft, 3 levels.
    Where is this mixed-use property located?
    The property is located at 1601 Milltown Rd Wilmington, DE.
    What is the asking price?
    The asking price for this property is $299,000.
    (302) 426-2211
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    1601 Milltown Rd Wilmington, DE 19808
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1601 Milltown Rd Wilmington, DE 19808
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