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For sale
Office Units
DE
Wilmington
508-512 Main St

High-Visibility Income-Producing Commercial Property

508-512 Main St, Wilmington, DE

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For Sale

Contact for pricing

Prime location with high traffic and income-generating tenants.

Type:OFFICE

Property size:

8,000 SF

Lot size:

0.66 Acres

Price / SF:

$237/SF

HighLights

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.
Three combined parcels totaling 0.66 AC.
Owner occupies part of the property (508‑510 Main).
Includes Deldot right‑aways at each end of the 508 & 512 properties.

We can help!

Listing Contact

Joe Latina

Learn more

For Sale

Contact for pricing

Prime location with high traffic and income-generating tenants.

Type:OFFICE

Property size:

8,000 SF

Lot size:

0.66 Acres

Price / SF:

$237/SF

Added:: Oct 13, 2023
Days on Market:: 978
Last Refresh:: May 20 at 9:10 pm

Property Features for 508-512 Main St

General Information

Standard status: Active
Size: 8,000 SF
Lot size: 0.66 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Joe Latina

Listing agent Joe Latina License #RS-0025429

Listing office LMT Commercial Realty / CORFAC International

Listing date Oct 13, 2023

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of LMT Commercial Realty / CORFAC International

HighLights

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.
Three combined parcels totaling 0.66 AC.
Owner occupies part of the property (508‑510 Main).
Includes Deldot right‑aways at each end of the 508 & 512 properties.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$180.5k	$22.56
− Vacancy	−$35.2k	−$4.40
EGI	$145.3k	$18.16
− OpEx	−$36.3k	−$4.54
NOI	$109.0k	$13.62

8,000 SF · lease $22.56/SF/yr · vacancy 19.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.56M

$1.36M – $1.82M (±1% cap)

NOI $108,965 @ 7.0% cap · market cap 5.73%

Second Best

Specialty Retail

$1.47M

$1.28M – $1.71M (±1% cap)

NOI $102,708 @ 7.0% cap · market cap 5.41%

Theoretical Best

Office A

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,947 @ 7.0% cap · market cap 7.05%

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

Location Intelligence

Current Use by Public Records

Office Units

Map

City: Wilmington
County: New Castle
State: Delaware
Longitude: -75.6487
Latitude: 39.7122

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For sale
Office Units
DE
Wilmington
508-512 Main St

What type of property is this?

Office units - Prime location with high traffic and income-generating tenants.

Where is this office units 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.

508-512 Main St, Wilmington, DE

Prime location with high traffic and income-generating tenants.

Property Features for 508-512 Main St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Map

Nearby Similar for Sale

Multi-Tenant Office Building with Private Parking

Renovated Two-Story Office Building

Wilmington Triplex: Investment Opportunity

Trinity Vicinity Triplex in Wilmington

Colonial Duplex with Two-Car Garage

Office Building with Private Parking

Updated Duplex in Wilmington

Corner Salon Retail with Apartments

Renovated Triplex with Updated Interiors

Mixed-Use Building in Central Business District

Colonial Multifamily Property in Wilmington

Retail Storefront with Off-Street Parking

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