Fenced-Yard Auto
For Sale
$695,000
25 Eastlawn Avenue & 14 E 35th Street, Wilmington, DE 19802
Operating automotive facility with service bays, enclosed outdoor storage, and parking for vehicles and equipment.
Property Size6,460 SF
Lot Size0.26 Acres
Price / SF$107.59
Days on Market55
Property Features for 25 Eastlawn Avenue & 14 E 35th Street
General Information
Standard status
Active
Size
6,460 SF
Lot size
0.26 Acres
Property subtype
Heavy Auto Repair
Zoning
26R-3, 26C-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
6,460 SF
Buildings
1
Listing Agency:
LMT Commercial Realty, LLC.
Listed By:
Tyler Foresta · License #RS-0025429
(302) 414-1000
Source:
Lmtcre
Added: Aug 22
Changed: Oct 2
Last Checked: Oct 14 at 9:53PM
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, LLC.
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Investment Insights
Based on property information with market context.
This 6,460 +/- SF commercial building occupies 0.26 +/- acres and is configured for automotive service operations. The improvements include multiple drive-in service bays, a fenced yard, outdoor storage, and parking, providing functional areas for vehicles, equipment, and day-to-day shop activity. The property is currently operating as an auto repair facility.
The site is located at 25 Eastlawn Avenue & 14 E 35th Street in Wilmington, Delaware, with access to I-95, I-495, Route 13, and the Port of Wilmington. Dual zoning—26R-3 (One Family Row Houses) and 26C-2 (Secondary Business Community Center)—is identified for the property. The existing configuration is also described as suitable for contractor, service, warehouse, and light industrial users.
The site is located at 25 Eastlawn Avenue & 14 E 35th Street in Wilmington, Delaware, with access to I-95, I-495, Route 13, and the Port of Wilmington. Dual zoning—26R-3 (One Family Row Houses) and 26C-2 (Secondary Business Community Center)—is identified for the property. The existing configuration is also described as suitable for contractor, service, warehouse, and light industrial users.
Key Highlights
- 6,460 +/- SF commercial building on 0.26 +/- acres
- Multiple drive‑in service bays for automotive operations
- Fenced yard with outdoor vehicle and equipment storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,539
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,780
$1.3M
Cap Rate 7%
$893,414
$893.4K
Cap Rate 9%
$694,878
$694.9K
Market Conditions
NOI Build-Up for 6,460 SF
Gross rent
$96.9K $15.00/SF
− Vacancy
−$7.6K −$1.17/SF
EGI
$89.3K $13.83/SF
− OpEx
−$26.8K −$4.15/SF
NOI
$62.5K $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%
$1,250,780
Cap Rate 7%
$893,414
Cap Rate 9%
$694,878
Alternative Uses
Best Use
Retail
$893.4K
$781.7K – $1.04M
NOI $62,539 @ 7.0% cap · market cap 9.00%
Second Best
Flex RnD
$876.0K
$766.5K – $1.02M
NOI $61,320 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,162 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Auto Part Warehouse — 105 Vandever Ave, Wilmington, DE 19802
- Two J's Auto Services — 2703 Governor Printz Blvd, Wilmington, DE 19802
- A & W Supply Co — 2800 Governor Printz Blvd, Wilmington, DE 19802
- Rhule#1 Auto Mechanic & Bodywork LLC — 2800 Governor Printz Blvd, Wilmington, DE 19802
- Dynasty Auto Care — 32 Gordon St, Wilmington, DE 19802
Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive facility with service bays, enclosed outdoor storage, and parking for vehicles and equipment.
Where is this auto shop located?
The property is located at 25 Eastlawn Avenue & 14 E 35th Street Wilmington, DE.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 6,460 +/- SF commercial building on 0.26 +/- acres; Multiple drive‑in service bays for automotive operations; Fenced yard with outdoor vehicle and equipment storage
