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    412 W 8Th St Wilmington, DE 19801

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    For Sale
    $750,000

    Auto shop with redevelopment potential in a high-demand parking area.

    Lot size:
    0.98 Acres

    Property Features for 412 W 8Th St

    General Information

    Zoning
    C-4/R-3
    Lot size
    0.98 Acres

    Source: Rich Dudek, SIOR Agent Rich Dudek, SIOR

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

    Overview

    Auto Shop Redevelopment Opportunity

    The property is currently operating as an auto shop, featuring a 3-bay garage and parking space for over 100 vehicles. It presents a redevelopment opportunity or conversion to public, private, or fleet parking in the Central Business District. The site includes access to 7th Street and is eligible for up to $1,500,000 in rebate funding from the Downtown Development District Program.
    Location Intelligence

    Current Use by Public Records

    Green Dragon Leaf ... Medical Supply Store Isaacs Garage Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    Shell, Osborne's Auto Repair, C&C Automotive, Towing, Repair, A to Z Towing & Recycling, Terra Power Towing Services

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5529723
    Latitude
    39.7447032

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    FAQs

    What type of property is this?
    Auto shop - Auto shop with redevelopment potential in a high-demand parking area.
    Where is this auto shop located?
    The property is located at 412 W 8Th St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Redevelopment potential in high-demand Central Business District.; - Currently operating as an auto use with 3-bay garage.; - Eligible for up to $1,500,000 in rebate funding from Downtown Development District Program.
    (302) 893-7937
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    412 W 8Th St Wilmington, DE 19801
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    Wilmington, DE 19801
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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
    412 W 8Th St Wilmington, DE 19801
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