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708 Philadelphia Pike Wilmington, DE 19809

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For Sale
$950,000

Prime location, leased, immediate income.

Property size:
10,275 SF

Property Features for 708 Philadelphia Pike

General Information

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

Building Details

Year Built
1964

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Listing Contact
Lorraine Sheldon

Listing Agency: EMORY HILL REAL ESTATE SERVICES INC. Listing Agent: Lorraine Sheldon

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Western Union Bank ATM (Bellefonte BP) Atm Paragon Engineering Engineering Consultant Fast Cash Check Cashing

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

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.
More about this property
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