Storefront Commercial
For Sale
$449,000
401 MARKET ST, Bridgeville, DE 19933
Flexible commercial space with a rear shed and potential for retail, service, dining, or medical use.
Property Size1,500 SF
Price / SF$299.33
Days on Market26
Property Features for 401 MARKET ST
General Information
Standard status
Active
Size
1,500 SF
Listing Agency:
RE/MAX Advantage Realty
(302) 628-2500
Listed By:
TREY HARDESTY · License #RS-0018125
(302) 236-3344
Source:
360
Added: Sep 11
Changed: Sep 13
Last Checked: Oct 5 at 6:08PM
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 RE/MAX Advantage Realty
Investment Insights
Based on property information with market context.
This 1,500-square-foot commercial building at 401 Market St offers a storefront-format space for an owner-user or operator. The property has been identified for potential café, boutique, thrift, hair salon, spa, and medical applications, providing several possible directions for a business plan. A shed at the rear is included with the property.
Located in downtown Bridgeville, the building places a commercial operation within the town’s central business setting. The property is offered for sale and may also be available through a lease option, providing flexibility in structuring occupancy.
Located in downtown Bridgeville, the building places a commercial operation within the town’s central business setting. The property is offered for sale and may also be available through a lease option, providing flexibility in structuring occupancy.
Key Highlights
- 1,500‑square‑foot commercial storefront building
- Rear shed conveys with the property
- Located in downtown Bridgeville at 401 Market St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,447
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,940
$268.9K
Cap Rate 7%
$192,100
$192.1K
Cap Rate 9%
$149,411
$149.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.7K $13.80/SF
− Vacancy
−$1.5K −$0.99/SF
EGI
$19.2K $12.81/SF
− OpEx
−$5.8K −$3.84/SF
NOI
$13.4K $8.96/SF
Area
Sussex County, DE
Vacancy
7.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,940
Cap Rate 7%
$192,100
Cap Rate 9%
$149,411
Alternative Uses
Best Use
Retail
$192.1K
$168.1K – $224.1K
NOI $13,447 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.2K
$360.7K – $480.9K
NOI $28,854 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,410 visits/mo
0.3 miles
Demographics for 19933, DE
9,784
Population
4,454
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
84%
High-School Grad
67.3 sq mi
ZIP Area
145
Density / Sq Mi
$61,261
Median Household Income
$36,269
Median Earnings
$1,021
Median Rent
$231,300
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial space with a rear shed and potential for retail, service, dining, or medical use.
Where is this storefront property located?
The property is located at 401 MARKET ST Bridgeville, DE.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,500‑square‑foot commercial storefront building; Rear shed conveys with the property; Located in downtown Bridgeville at 401 Market St
