Mixed-Use Building with Separate
80 GOVERNOR PRINTZ BOULEVARD, Claymont, DE 19703
For Sale
$600,000
Four-unit property combines street-level commercial space with two upstairs apartments and on-site parking.
Property Size2,057 SF
Price / SF$291.69
Days on Market55
Property Features for 80 GOVERNOR PRINTZ BOULEVARD
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Innovations Realty
Listed By:
Kimberly Davis · License #RB0003213
(302) 292-1900
Source:
Cummingsrealtors
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 6 at 10:29AM
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 Innovations Realty
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Investment Insights
Based on property information with market context.
The property at 80 Governor Printz Boulevard contains 2,057 square feet and was built in 1967. Its four-unit layout includes two commercial spaces on the main level and two apartments above, with each unit accessed through a separate entrance. The one-bedroom apartment includes living, dining, and kitchen areas, a full bathroom, and laundry space. The two-bedroom apartment includes a kitchen, dining area, living room, deck, and Delaware River views. A parking lot serves the property.
Three units are occupied, while the event space is leased on an hourly basis. The building requires repairs and updating and is offered strictly in as-is condition. Access is convenient to I-495 and I-95, with Pennsylvania only minutes away. Buyers are responsible for confirming zoning, permitted uses, unit configuration, rental information, and other property details.
Three units are occupied, while the event space is leased on an hourly basis. The building requires repairs and updating and is offered strictly in as-is condition. Access is convenient to I-495 and I-95, with Pennsylvania only minutes away. Buyers are responsible for confirming zoning, permitted uses, unit configuration, rental information, and other property details.
Key Highlights
- Four‑unit mixed‑use property at 80 Governor Printz Boulevard
- 2,057 square feet; built in 1967
- Two main‑level commercial spaces and two upstairs apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,963
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,260
$419.3K
Cap Rate 7%
$299,471
$299.5K
Cap Rate 9%
$232,922
$232.9K
Market Conditions
NOI Build-Up for 2,057 SF
Gross rent
$39.0K $18.96/SF
− Vacancy
−$5.5K −$2.65/SF
EGI
$33.5K $16.31/SF
− OpEx
−$12.6K −$6.11/SF
NOI
$21.0K $10.19/SF
Area
New Castle County, DE
Vacancy
14.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,260
Cap Rate 7%
$299,471
Cap Rate 9%
$232,922
Alternative Uses
Best Use
Mixed Use
$299.5K
$262.0K – $349.4K
NOI $20,963 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$284.5K
$248.9K – $331.9K
NOI $19,914 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$492.0K
$430.5K – $574.0K
NOI $34,441 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
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Business Placement
Demographics for 19703, DE
16,175
Population
7,114
Households
2.3
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,044
Density / Sq Mi
$76,328
Median Household Income
$47,688
Median Earnings
$1,305
Median Rent
$266,500
Median Home Value
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Market
Properties on Market for Mixed-use properties in New Castle County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit property combines street-level commercial space with two upstairs apartments and on-site parking.
Where is this mixed-use property located?
The property is located at 80 GOVERNOR PRINTZ BOULEVARD Claymont, DE.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four‑unit mixed‑use property at 80 Governor Printz Boulevard; 2,057 square feet; built in 1967; Two main‑level commercial spaces and two upstairs apartments
