Auto Shop With Service
For Sale
Contact for pricing
25 Eastlawn Avenue, Wilmington, DE 19802
Established automotive facility with outdoor storage, parking, and access to major transportation routes.
Property Size6,460 SF
Lot Size0.26 Acres
Price / SF$107.59
Days on Market57
Property Features for 25 Eastlawn Avenue
General Information
Standard status
Active
Size
6,460 SF
Class
C
Lot size
0.26 Acres
Property subtype
Industrial
Zoning
26R-3 (One Family Row Houses), 26C-2 (Secondary Business Community Center)
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Year Built
1968
Buildings
1
Listing Agency:
LMT Commercial Realty, LLC.
Listed By:
Tyler Foresta · License #DE RS-0025429
(302) 414-1000
Source:
Crexi
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 14 at 11:26PM
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.
Built in 1968, this approximately 6,460-square-foot commercial building occupies about 0.26 acres and currently operates as an auto repair facility. Multiple service bays support automotive work, while outdoor storage and parking provide functional space for daily operations. The layout may also accommodate contractor, service, warehouse, or light industrial users, subject to applicable zoning and approvals.
The property at 25 Eastlawn Avenue benefits from access to I-95, I-495, Route 13, and other major transportation corridors. Zoning is identified as 26R-3 (One Family Row Houses) and 26C-2 (Secondary Business Community Center).
The property at 25 Eastlawn Avenue benefits from access to I-95, I-495, Route 13, and other major transportation corridors. Zoning is identified as 26R-3 (One Family Row Houses) and 26C-2 (Secondary Business Community Center).
Key Highlights
- 6,460 +/- SF commercial building on 0.26 +/- acres
- Currently operating as an established auto repair facility
- Multiple service bays with outdoor storage and parking
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
Industrial
$520.4K
$455.3K – $607.1K
NOI $36,425 @ 7.0% cap · market cap 5.24%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
65k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 42%
Electronics 4%
Apparel 3%
McDonald's
Dining
18,825 visits/mo
0.4 miles
Shell
Shops & Services
9,339 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,589 visits/mo
0.1 miles
Sunoco
Shops & Services
6,338 visits/mo
0.3 miles
Checkers
Dining
5,799 visits/mo
0.4 miles
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 Retail in South region
Similar Off Market Nearby
- Northeast Body Shop — 2510 Northeast Blvd, Wilmington, DE 19802
- Total Fleet Services — 3016 Edgemoor Ave, Wilmington, DE 19802
- TFS Collision & Truck Shop — 3016 edgemoor ave, wilmington, de 19802
- Auto Part Warehouse — 105 Vandever Ave, Wilmington, DE 19802
- Two J's Auto Services — 2703 Governor Printz Blvd, Wilmington, DE 19802
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with outdoor storage, parking, and access to major transportation routes.
Where is this auto shop located?
The property is located at 25 Eastlawn Avenue 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; Currently operating as an established auto repair facility; Multiple service bays with outdoor storage and parking
