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    708 Philadelphia Pike Wilmington, DE 19809

    For Sale
    $950,000

    Prime location, leased, immediate income.

    Property size:
    10,275 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity in Wilmington, Delaware, presents a 10,275 square foot mixed-use property currently generating rental income. The property comprises two buildings situated on parcel # 1700100001. A larger, stand-alone structure encompasses 7,650 square feet, complemented by a smaller, 2,625 square foot building attached to JT's Market (the market space itself is not included in the 10,275 square foot total). The property benefits from a long-term lease with an established engineering firm tenant, in place since 1987 and extending through November 2027. Currently operating below market rent, this presents a significant opportunity for future rental increases upon lease expiration. Recent improvements include new HVAC systems installed within the last two years, ensuring the property is well-maintained and ready for immediate occupancy. The property's versatile nature allows for continued leasing, owner-occupancy, or potential redevelopment into a mixed-use configuration after November 2027. This is a rare chance to acquire a stable, income-producing asset with considerable upside potential in a desirable Wilmington location. The asking price is $950,000.

    Property Features for 708 Philadelphia Pike

    General Information

    Property type
    Mixed-use properties
    Square Feet
    10,275 SF

    Building Details

    Year Built
    1964
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service ATM (Bellefonte BP) Atm Paragon Engineering Engineering Consultant Fast Cash Check Cashing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.50062
    Latitude
    39.77015

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, leased, immediate income.
    Where is this mixed-use property located?
    The property is located at 708 Philadelphia Pike Wilmington, DE.
    What is the asking price?
    The asking price for this property is $950,000.
    (302) 322-9500
    Request Owner's contact information
    708 Philadelphia Pike Wilmington, DE 19809
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    Wilmington, DE 19809
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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
    708 Philadelphia Pike Wilmington, DE 19809
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