Corner Land with Approved Medical Office
For Sale
Contact for pricing
Pending
2940 Limestone Rd, Wilmington, DE 19808
Corner commercial land with an approved Class A medical and professional office plan for three stories and substantial parking.
Property Size42,000 SF
Lot Size5.25 Acres
Days on Market150
Property Features for 2940 Limestone Rd
General Information
Standard status
Pending
Size
42,000 SF
Class
A
Total Parking Spaces
190
Lot size
5.25 Acres
Property subtype
Land
Site & Location
Traffic Count
41,818 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Stories
3
Listing Agency:
Horvath & Tremblay
Listed By:
Craig Dunkle · License #PA RS324418
(215) 302-4400
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 6 at 3:22PM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The subject property is approximately 5.25 acres of commercial land on the corner of Limestone Rd and Milltown Road. The site includes a fully approved plan for Class A Medical & Professional Office space, with a total of 42,000 SF across three stories. The approved concept includes three elevators (including one freight elevator), 190 parking spaces, and 14,000 SF designated for storage use.
An additional 3.7 acres is available and has been subdivided by ownership, with county approval for three single-family homes. Total acreage available for purchase or lease is approximately +/− 8.95 acres. The property is located within a short distance of major hospitals and I-95, and Limestone Rd (State Route 7) is reported to have daily traffic of 41,818 cars.
The owner may consider a joint venture partnership with interested parties. Estimated occupancy is listed as May 2022. Tenant interest has been generated for space within the permitted uses; contact the listing agent for additional information regarding permitted uses and approvals.
An additional 3.7 acres is available and has been subdivided by ownership, with county approval for three single-family homes. Total acreage available for purchase or lease is approximately +/− 8.95 acres. The property is located within a short distance of major hospitals and I-95, and Limestone Rd (State Route 7) is reported to have daily traffic of 41,818 cars.
The owner may consider a joint venture partnership with interested parties. Estimated occupancy is listed as May 2022. Tenant interest has been generated for space within the permitted uses; contact the listing agent for additional information regarding permitted uses and approvals.
Key Highlights
- 5.25‑acre corner site on Limestone Rd and Milltown Road in Wilmington, DE 19808 (short distance to major hospitals and I‑95).
- Fully approved plan for Class A medical & professional office space: 42,000 SF across three stories on the 5.25 acres.
- Plan includes 190 parking spaces plus 14,000 SF designated for storage use, with three elevators (including one freight elevator).
Property Analytics
Property Profile
Current Use
Lease Details
41,818 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 19808, DE
39,285
Population
16,037
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,847
Density / Sq Mi
$92,883
Median Household Income
$53,084
Median Earnings
$1,357
Median Rent
$309,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Corner commercial land with an approved Class A medical and professional office plan for three stories and substantial parking.
Where is this commercial land located?
The property is located at 2940 Limestone Rd Wilmington, DE.
What are key features of this property?
This property features: 5.25‑acre corner site on Limestone Rd and Milltown Road in Wilmington, DE 19808 (short distance to major hospitals and I‑95).; Fully approved plan for Class A medical & professional office space: 42,000 SF across three stories on the 5.25 acres.; Plan includes 190 parking spaces plus 14,000 SF designated for storage use, with three elevators (including one freight elevator).
