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    508-512 Main St Wilmington, DE 19804

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    For Sale
    $1,900,000

    Prime location with high traffic and income-generating tenants.

    Property size:
    8,000 SF
    Lot size:
    0.66 Acres

    Property Features for 508-512 Main St

    General Information

    Size
    8,000 SF
    Lot size
    0.66 Acres

    Source: LMT Commercial Realty / CORFAC International Agent Joe Latina

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

    Overview

    High-Visibility Income-Producing Commercial Property

    This commercial property comprises three combined parcels totaling 0.66 acres. It features outstanding visibility at the intersection of Route 7 (Limestone Road) and Route 4, with traffic counts exceeding 56,000 vehicles per day. The property benefits from full movement access from both Eastbound and Westbound Route 7. The property is income-producing, with an accounting firm occupying 3,840 square feet and a liquor store/food mart plus one apartment occupying 4,160 square feet. The owner occupies the 508-510 Main Street portion of the property. There are Deldot right-aways at each end of the 508 and 512 properties.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6486511
    Latitude
    39.7121998

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    FAQs

    What type of property is this?
    Office space - Prime location with high traffic and income-generating tenants.
    Where is this office space located?
    The property is located at 508-512 Main St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Income-producing property featuring an accounting firm (3,840 SF) and a liquor store/food mart + 1 apartment (4,160 SF).; - **Outstanding visibility** at the intersection of Route 7 (Limestone Road) & Route 4 with high traffic counts (56,000 +/- vehicles per day).; - Full movement access from both Eastbound & Westbound Route 7.
    (302) 530-1233
    Request Owner's contact information
    508-512 Main St Wilmington, DE 19804
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    Wilmington, DE 19804
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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
    508-512 Main St Wilmington, DE 19804
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