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Multi-Tenant Neighborhood Shopping Center
For Sale
Under Contract
$3,900,000

1220 OLD LANCASTER Pike, Hockessin, DE 19707

Commercial Sale, HOCKESSIN, DE

Property Size51,700 SF
Lot Size6.13 Acres
Price / SF$75.44
Days on Market155

Property Features for 1220 OLD LANCASTER Pike

General Information

Property type Other
Property subtype Retail
Parking 240
Parking features Assigned, Parking Lot, Special Needs
Elementary school district RED CLAY CONSOLIDATED
Middle school district RED CLAY CONSOLIDATED
High school district RED CLAY CONSOLIDATED
Standard status Active Under Contract
Lot size 6.13 Acres

Taxes and HOA fees

Tax Annual Amount 55307

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1965
Building materials Frame
Listing Agency: Pantano Real Estate Inc
Listed By: Paul M Pantano · License #RB-0002776
Added: May 5 Changed: Oct 2 Last Checked: Oct 6 at 2:06PM
MLS# DENC2102436

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Hockessin Corner is a multi-tenant shopping center with approximately 51,700 gross square feet in inline and freestanding buildings. The center was built in 1965 and is about 80% occupied, with a weighted average remaining lease term of 4.8+- years. Back Burner, Casual Marketplace, and Jennifer's Bridal are among the established tenants. The buildings have sprinkler systems, forced-air heating, central air, and surface parking.

The 6.13-acre property has public water and sewer, with gas service to select areas. Commercial Neighborhood (CN) zoning and a HomeTown (HT) Overlay are stated to permit a broad range of commercial uses.

Key Highlights

  • Approximately 51,700 gross square feet across inline and freestanding buildings
  • 6.13‑acre shopping center site
  • Approximately 80% occupied; weighted average remaining lease term of 4.8+- years

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Pharmacy Parking Lot & Garage Big Box & Wholesale Store Bakery Furniture & Home Goods Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

80%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

750
Businesses Nearby
72k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 88% Dining 9% Apparel 2%
Wawa Shops & Services
35,236 visits/mo 0.2 miles
Dunkin' Donuts Dining
6,784 visits/mo 0.2 miles
Shell Shops & Services
6,692 visits/mo 0.2 miles
Exxon Shops & Services
5,939 visits/mo 0.2 miles
Concord Pet Foods & Supplies Shops & Services
5,372 visits/mo 0.3 miles

Demographics for 19707, DE

17,274
Population
6,610
Households
2.6
Avg Household Size
48
Median Age
65%
College-Educated
98%
High-School Grad
13.2 sq mi
ZIP Area
1,309
Density / Sq Mi
$172,161
Median Household Income
$90,171
Median Earnings
$2,230
Median Rent
$534,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Hockessin Crossing Shopping Center — 0800740040, 7465 Lancaster Pike, Hockessin, DE 19707
  • Hockessin Mill Plaza — 0800740040, Hockessin, DE 19707
  • Dover Delaware — 683 Yorklyn Rd, Hockessin, DE 19707

Frequently Asked Questions

What type of property is this?
Shopping center - Inline and standalone buildings offer a mix of retail suites with surface parking across a 6.13-acre site.
Where is this shopping center located?
The property is located at 1220 OLD LANCASTER Pike Hockessin, DE.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Approximately 51,700 gross square feet across inline and freestanding buildings; 6.13‑acre shopping center site; Approximately 80% occupied; weighted average remaining lease term of 4.8+- years
More about this property
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