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    3101 Concord Pike Wilmington, DE 19803

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    For Sale
    $2,195,000

    NNN investment property on Concord Pike with two tenants.

    Property size:
    3,652 SF
    Lot size:
    0.39 Acres

    Property Features for 3101 Concord Pike

    General Information

    Size
    3,652 SF
    Lot size
    0.39 Acres

    Source: DSM Commercial Agent Andy Fox

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

    Overview

    Concord Pike Retail Investment Opportunity

    This investment property is located on Concord Pike (Route 202) at a signalized intersection. The property includes two parcels, one of which is vacant and used for overflow parking. The site is just under half an acre. The property features two tenants with NNN leases, providing passive income with minimal landlord obligations. The building size is 3,652 square feet. The property offers visibility along Concord Pike in Delaware.
    Insight Report Location Intelligence

    Current Use by Public Records

    Carriage House Liquors Liquor Store Psychic Readings By ... Psychic Turbo Mexico Taco Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -75.5474531
    Latitude
    39.8000946

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    FAQs

    What type of property is this?
    Individual retail property - NNN investment property on Concord Pike with two tenants.
    Where is this individual retail property located?
    The property is located at 3101 Concord Pike Wilmington, DE.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: - Rare NNN investment opportunity on Concord Pike (Route 202).; - Situated on just under half an acre of prime land at a fully signalized intersection.; - Features (2) tenants with NNN leases in place, providing passive income.
    (302) 229-1304
    Request Owner's contact information
    3101 Concord Pike Wilmington, DE 19803
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    Wilmington, DE 19803
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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
    3101 Concord Pike Wilmington, DE 19803
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