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    701 S Union St Wilmington, DE 19805

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    For Lease
    $1,600 /Mo ($32 SF/Yr)

    Versatile 600 SF retail space in bustling commercial area.

    Property size:
    600 SF
    Lot size:
    0.35 Acres

    Property Features for 701 S Union St

    General Information

    Size
    600 SF
    Lot size
    0.35 Acres

    Source: SB Real Estate Agent Jeff Shahan

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

    Overview

    Retail Space in Wilmington

    This property, situated in a bustling commercial environment, offers high visibility and traffic. The space provides approximately 600 square feet of versatile area, suitable for a variety of businesses or medical offices.
    Insight Report Location Intelligence

    Current Use by Public Records

    WOODS DELI Grocery Store The Groom Bar Barber Shop Sam smoke shop Tobacco Shop Mula Fashion Clothing Store Poise Studios Waxing Hair Removal Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -75.5819376
    Latitude
    39.7417905

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    FAQs

    What type of property is this?
    Retail space - Versatile 600 SF retail space in bustling commercial area.
    Where is this retail space located?
    The property is located at 701 S Union St Wilmington, DE.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - High visibility and traffic in a bustling commercial environment; - Approximately 600 square feet of versatile space; - Suitable for a variety of businesses
    (302) 545-2392
    Request Owner's contact information
    701 S Union St Wilmington, DE 19805
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    Wilmington, DE 19805
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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
    701 S Union St Wilmington, DE 19805
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