First-Floor Retail
23A Trolley Square, Wilmington, DE 19806
For Sale
Contact for pricing
C-1 zoning supports retail, service, boutique, and professional uses.
Property Size1,000 SF
Price / SF$2.00
Days on Market51
Property Features for 23A Trolley Square
General Information
Standard status
Size
Property subtype
Zoning
Lease Term
Site & Location
Highway Access
Road Access
Additional Details
Floor
Amenities
Free On-Site Parking
Building Details
Building Size
Properties For Sale
at 23A Trolley Square
23A Trolley Square
Size
1,000 SF
Term
Negotiable
Listing Agency:
LMT Commercial Realty / CORFAC International
Listed By:
Chris Moore, CCIM
(302) 414-1000
Source:
Lmtcre
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 6 at 7:09AM
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 LMT Commercial Realty / CORFAC International
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 1,000 SF ground-level commercial space is positioned for retail, service, boutique, or professional occupancy. The property carries C-1 Neighborhood Shopping zoning and includes on-site parking.
Located at 23A Trolley Square in Wilmington, the space is situated among established businesses, restaurants, and residential neighborhoods. Access is available from Pennsylvania Avenue and Delaware Avenue, with proximity to I-95 adding regional connectivity.
The offering provides a compact storefront format within Trolley Square, a recognized commercial district with a mix of commercial and residential surroundings.
Located at 23A Trolley Square in Wilmington, the space is situated among established businesses, restaurants, and residential neighborhoods. Access is available from Pennsylvania Avenue and Delaware Avenue, with proximity to I-95 adding regional connectivity.
The offering provides a compact storefront format within Trolley Square, a recognized commercial district with a mix of commercial and residential surroundings.
Key Highlights
- Approximately 1,000 +/- SF of first‑floor retail space
- C‑1 Neighborhood Shopping zoning
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,681
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,620
$193.6K
Cap Rate 7%
$138,300
$138.3K
Cap Rate 9%
$107,567
$107.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$15.0K $15.00/SF
− Vacancy
−$1.2K −$1.17/SF
EGI
$13.8K $13.83/SF
− OpEx
−$4.1K −$4.15/SF
NOI
$9.7K $9.68/SF
Area
New Castle County, DE
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,620
Cap Rate 7%
$138,300
Cap Rate 9%
$107,567
Alternative Uses
Best Use
Retail
$138.3K
$121.0K – $161.4K
NOI $9,681 @ 7.0% cap · market cap 484.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$239.2K
$209.3K – $279.1K
NOI $16,743 @ 7.0% cap · market cap 837.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 33%
Groceries 32%
ACME Markets
Groceries
21,617 visits/mo
0.1 miles
Shell
Shops & Services
10,378 visits/mo
0.3 miles
Dunkin' Donuts
Dining
9,628 visits/mo
0.3 miles
Grotto Pizza
Dining
9,008 visits/mo
0.2 miles
Sunoco
Shops & Services
6,064 visits/mo
0.2 miles
Demographics for 19806, DE
10,083
Population
6,638
Households
1.5
Avg Household Size
45
Median Age
71%
College-Educated
98%
High-School Grad
1.7 sq mi
ZIP Area
5,931
Density / Sq Mi
$86,240
Median Household Income
$76,246
Median Earnings
$1,329
Median Rent
$370,500
Median Home Value
Market
Properties on Market for Retail space in Wilmington
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - C-1 zoning supports retail, service, boutique, and professional uses.
Where is this retail space located?
The property is located at 23A Trolley Square Wilmington, DE.
What are key features of this property?
This property features: Approximately 1,000 +/- SF of first‑floor retail space; C‑1 Neighborhood Shopping zoning; On‑site parking
