3403 Lancaster Pike Wilmington, DE 19805
71 apartments and 4 commercial spaces in Wilmington, Delaware.
Property size:
76,250 SFLot size:
150,720.00 AcresProperty Features for 3403 Lancaster Pike
General Information
- Standard status
- Active
- Zoning
- NCAP
- Size
- 76,250 SF
- Lot size
- 150,720.00 Acres
Building Details
- Year built
- 1967
Source:
Crexi
Listing Agency: GREA Listing Agent: Ken Wellar
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily and Commercial Investment Opportunity
Located on Lancaster Pike in Wilmington, Delaware, Westover Pointe features 71 multifamily apartments and four commercial spaces. The property benefits from its proximity to the Greater Philadelphia Metropolitan Area, diverse employment drivers, and strong regional transportation connectivity. The area’s stable economic base and sustained housing demand support consistent multifamily performance, positioning Westover Pointe as an attractive long-term investment opportunity. This well-maintained, garden-style community offers a mix of one-, two-, and three-bedroom apartment homes averaging approximately 932 square feet; 87% of the units have two and three bedrooms. The property provides residents with spacious floor plans and attractive living spaces designed to meet the needs of the local workforce renter base. Current in-place rents remain approximately 15–20% below market, presenting investors with an opportunity to capture rental upside through lease turnover and strategic renovations to kitchens and baths. Situated along Lancaster Pike (Route 48), Westover Pointe benefits from immediate access to major transportation routes, including I-95, I-295, Route 141, and Route 7, providing connectivity throughout Greater Wilmington and the Philadelphia Region. Residents enjoy convenient access to major employment centers such as Wilmington’s banking and financial district (JPMorgan Chase, Bank of America, Capital One), ChristianaCare, and AstraZeneca, as well as retail corridors and neighborhood amenities. Currently operating with stabilized residential occupancy, Westover Pointe Apartments provides investors with immediate cash flow and value-add potential. The property offers the opportunity to increase revenue through lease turnover and interior upgrades to kitchens and bathrooms, capturing upside in a high-demand workforce rental market. The property size is 76250 square feet.
Location Intelligence
Current Use by Public Records
SaVida Health Wilmington
Medical Clinic
Gap 41 Ventures ...
Shopping Center & Mall
Westover Pointe
Apartment Building
Papa John's Pizza
Restaurant
Szewczyk & Co
Accounting Firm
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5930707
- Latitude
- 39.7546605
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 71 apartments and 4 commercial spaces in Wilmington, Delaware.
Where is this mixed-use property located?
The property is located at 3403 Lancaster Pike Wilmington, DE.
What are key features of this property?
This property features: - Significant rental upside potential (15-20% below market) through lease turnover and renovations.; - Stabilized residential occupancy providing immediate cash flow.; - Desirable mix of spacious one-, two-, and three-bedroom apartments (87% are two- and three-bedroom units).
