Neighborhood Retail and Office
For Lease
$19.05 SF/Yr
516-534 Greenhill Ave., Wilmington, DE 19805
Retail and office spaces available in high-traffic neighborhood center.
Space Size1,000 SF - 2,150 SF
Property Size28,000 SF
Days on Market206
Property Features for 516-534 Greenhill Ave.
General Information
Standard status
Active
Size
1,000 SF - 2,150 SF
Property subtype
Retail
Lease Term
MG
Building Details
Building Size
28,000 SF
Spaces For Lease
at 516-534 Greenhill Ave. Contact us- Size
- 1,000 SF
- Type
- Street Retail
- Term
- Negotiable
520 $19.05/SF/Yr
- Size
- 2,150 SF
- Type
- Street Retail
- Term
- Negotiable
522 $19.05/SF/Yr
Listing Agency:
(302) 545-2392
Listed By:
Jeff Shahan, SIOR
Source:
Sbrealtyco
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 21 at 5:31AM
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 Jeff Shahan, SIOR
Investment Insights
Based on property information with market context.
Wawaset Plaza is a neighborhood retail and office center offering a total of 28,000 square feet. The center features units fronting Greenhill Avenue, a widely traveled road situated between Lancaster Avenue and Pennsylvania Avenue. Individual units range in size from 800 square feet to 5,250 square feet. The existing tenant mix includes a wine and spirits store, an obstetrics practice, and a day spa, contributing to consistent foot traffic within the center. Wawaset Plaza is located on Greenhill Avenue between Lancaster Avenue and Pennsylvania Avenue, with convenient access to Route 141. Nearby landmarks include Greenhill Carwash, the Wawaset community, and Ed Porky Oliver Golf Course.
Key Highlights
- High foot traffic from established tenants including a wine/spirits shop, obstetrics practice, and day spa.
- Located on heavily traveled Greenhill Ave, between Lancaster Ave and Pennsylvania Ave.
- Readily accessible via 141.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.86 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,667
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19805, DE
39,985
Population
17,281
Households
2.3
Avg Household Size
35
Median Age
23%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
7,270
Density / Sq Mi
$56,708
Median Household Income
$38,043
Median Earnings
$1,203
Median Rent
$220,200
Median Home Value
Market
Lease Benchmarks for Wilmington, DE
$20.06 /SF/Yr
Avg Asking Price
$19–$22.65 /SF/Yr
Price Range
8,886 SF
Avg Space Size
This space is priced 5% below the average of $20.06 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail and office spaces available in high-traffic neighborhood center.
Where is this shopping center located?
The property is located at 516-534 Greenhill Ave. Wilmington, DE.
What is the lease rate?
The lease rate is $19.05 SF/Yr.
What are key features of this property?
This property features: High foot traffic from established tenants including a wine/spirits shop, obstetrics practice, and day spa.; Located on heavily traveled Greenhill Ave, between Lancaster Ave and Pennsylvania Ave.; Readily accessible via 141.
