Highway Retail Space For
8977 DUPONT Blvd Lincoln, DE 19960
For Sale
$480,000
Retail space on 0.69 acres with highway frontage.
Property Size3,300 SF
Lot Size0.69 Acres
Price / SF$145.45
Days on Market141
Property Features for 8977 DUPONT Blvd
General Information
Standard status
Active
Size
3,300 SF
Lot size
0.69 Acres
Property subtype
Commercial
Building Details
Year Built
2015
Listing Agency:
Keller Williams Realty Delmarva
(302) 632-7407
Listed By:
Thomas Lucks · License #(DE)RA-0020851
(302) 632-7407
Source:
Elliman
Added: Mar 12
Changed: Jul 6
Last Checked: Jul 30 at 6:05AM
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 Keller Williams Realty Delmarva
Investment Insights
Based on property information with market context.
This retail space is located in a prime highway location on 0.69 acres. The property backs up to 160 acres of farm field and features 200 feet of road frontage and a depth of 150 feet. The building is currently under lease at $42,000 per year. Considering its condition, location, age, and accessibility, this is considered a Class-B commercial building, needing very minor modifications to make it a Class-A facility. It has a DelDot commercial approved entry with heavy duty under structure for large load capacity. The 2022 AADT is 22,000+. The property includes 220VAC 3Phase power, heat pumps, and two large rollup doors with level roll-in capacity. It is ADA compliant and features an extremely large walk-in freezer and refrigerator, as well as an extra-large capacity septic for future expansion. The building has a slab foundation, metal roof, extra interior, above floor, storage, and overhead lighting. There is plenty of parking for autos and delivery trucks, including other abled parking with ADA accessible shop entry. The property is zoned AR-1 with conditional use (former deli.) There is no land lease, and the taxes are approximately $640 annually. It is not in municipal limits, so there is no town tax. The property is in Flood zone X, and is not in the 100 or 500 year flood zone. The building has approximately 3300 square feet of space.
Key Highlights
- Prime highway location with high traffic volume (22,000+ AADT) and 200‑foot road frontage.
- Currently under lease at $42,000 per year.
- DelDot commercial approved entry with heavy duty under structure for large load capacity.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.5k | $13.80 |
| − Vacancy | −$3.3k | −$0.99 |
| EGI | $42.3k | $12.81 |
| − OpEx | −$12.7k | −$3.84 |
| NOI | $29.6k | $8.96 |
3,300 SF · lease $13.80/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$422.6K
$369.8K – $493.1K
NOI $29,583 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$906.8K
$793.5K – $1.06M
NOI $63,479 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail space on 0.69 acres with highway frontage.
Where is this retail space located?
The property is located at 8977 DUPONT Blvd Lincoln, DE.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Prime highway location with **high traffic volume (22,000+ AADT) and 200‑foot road frontage.**; Currently under lease at $42,000 per year.; DelDot commercial approved entry with **heavy duty under structure for large load capacity.**
