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Versatile Office or Retail Space
For Lease
$18 SF/Yr

306 N Shipley St, Wilmington, DE 19801

Flexible space on North Shipley Street near DelTech Wilmington Campus, suited for office, boutique retail, studio, or spa/wellness use.

Space Size1,000 SF
Property Size6,960 SF
Days on Market108

Property Features for 306 N Shipley St

General Information

Standard status Active
Size 1,000 SF
Property subtype Retail
Lease Term MG

Building Details

Building Size 6,960 SF
Year Built 1914

Spaces For Lease

at 306 N Shipley St Contact us

306 N Shipley Street $18/SF/Yr

Size
1,000 SF
Term
Negotiable
Contact us
Listing Agency: LMT Commercial Realty, LLC.
Listed By: Chris Moore, CCIM · License #RB-0031128
Source: Lmtcre
Added: May 8 Changed: Aug 23 Last Checked: Aug 22 at 6:45AM

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.

Investment Insights

Based on property information with market context.

Position your business at 306 North Shipley Street in Downtown Wilmington in a versatile space designed to accommodate multiple concept types. The suite is well-suited for professional office use, boutique retail, a creative studio, or an upscale spa/wellness concept, making it a practical fit for tenants looking for adaptability within one footprint.

The property is located along a highly walkable, well-connected corridor and is next to DelTech Wilmington Campus. This setting supports convenient access to nearby restaurants, shops, and major employers.

Available for rent, the space offers the flexibility to align with a range of professional and experience-driven uses, supported by its downtown pedestrian connectivity and immediate proximity to DelTech Wilmington.

Key Highlights

  • 1,000 +/- SF flexible space on North Shipley Street in Downtown Wilmington
  • Suitable for professional office, boutique retail, creative studio, or upscale spa/wellness concepts
  • Year built: 1915

Property Analytics

Current Use

Riteway Appliances Home Appliance Store David Bolt Heavy ... Auto Repair Shop

Suggested Use

Top Pick Storage Facility Locksmith Bakery Veterinary Clinic Carpet & Flooring Store Pet Grooming Service

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

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,840
Businesses Nearby

Demographics for 19801, DE

16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value

Market

Lease Benchmarks for Wilmington, DE

$16.43 /SF/Yr
Avg Asking Price
$10.34–$25 /SF/Yr
Price Range
8,028 SF
Avg Space Size

This space is priced 10% above the average of $16.43 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Flexible space on North Shipley Street near DelTech Wilmington Campus, suited for office, boutique retail, studio, or spa/wellness use.
Where is this office units located?
The property is located at 306 N Shipley St Wilmington, DE.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 1,000 +/- SF flexible space on North Shipley Street in Downtown Wilmington; Suitable for professional office, boutique retail, creative studio, or upscale spa/wellness concepts; Year built: 1915
More about this property
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