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Downtown Strip Retail Center
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1402-1422 Lancaster Ave, Wilmington, DE 19805

29,296 SF strip center with space for lease and a blend of local and national tenants in downtown Wilmington.

Space Size3,600 SF
Days on Market114

Property Features for 1402-1422 Lancaster Ave

General Information

Standard status Active
Size 3,600 SF
Property subtype RETAIL

Site & Location

Traffic Count 23,964 vehicles/day
Highway Access Yes

Spaces For Lease

at 1402-1422 Lancaster Ave Contact us

1414-1418 Lancaster Ave

Floor
1
Size
3,600 SF
Type
RETAIL
Rate
Contact for pricing
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- This property is a 29,296 SF strip center with a great mix of local and national...
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Listing Agency: Pettinaro Management, LLC
Listed By: Timothy "TJ" Spencer
Source: Moodyscre
Added: May 22 Changed: Aug 8 Last Checked: Sep 12 at 11:00AM

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 Pettinaro Management, LLC

Investment Insights

Based on property information with market context.

The property at 1402-1422 Lancaster Ave is a 29,296 SF strip center featuring a mix of local and national tenants. Available space can be offered within this established retail setting.

The center is located in the heart of Downtown Wilmington. Public remarks indicate approximately 23,964 cars pass the center daily, and it is conveniently positioned near I-95 and the Wilmington Riverfront. The property is also described as being close to public transportation, including the SEPTA Regional Rail.

Key Highlights

  • 29,296 SF strip center with space for lease in Downtown Wilmington
  • 23,964 cars pass the center daily
  • Convenient to I‑95 and the Wilmington Riverfront

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Storage Facility Locksmith (Bike/Boat/Book/etc) Store Garden Center Electrical Service Butcher

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

23,964 VPD
Traffic count
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,560
Businesses Nearby
26k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 77% Dining 21% Electronics 3%
AutoZone Shops & Services
6,479 visits/mo 0.3 miles
Dollar General Shops & Services
6,298 visits/mo 0.2 miles
7-Eleven Shops & Services
5,775 visits/mo 0.4 miles
Checkers Dining
4,308 visits/mo 0.4 miles
China Garden Dining
1,000 visits/mo 0.4 miles

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

$19 /SF/Yr
Avg Asking Price
$18.5–$20 /SF/Yr
Price Range
17,629 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - 29,296 SF strip center with space for lease and a blend of local and national tenants in downtown Wilmington.
Where is this strip mall located?
The property is located at 1402-1422 Lancaster Ave Wilmington, DE.
What are key features of this property?
This property features: 29,296 SF strip center with space for lease in Downtown Wilmington; 23,964 cars pass the center daily; Convenient to I‑95 and the Wilmington Riverfront
(484) 888-3251 Call to check price and availability
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