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    Highway Retail Space For Sale Title is generated by Realmo AI

    8977 DUPONT Blvd, Lincoln, DE 19960

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    For Sale
    $480,000

    Retail space on 0.69 acres with highway frontage.

    Type:Commercial
    Property size:
    3,300 SF
    Lot size:
    0.69 Acres
    Price / SF:
    $145/SF
    Added:
    Mar 12, 2026
    Days on Market:
    118
    Last Refresh:
    Jul 2 at 6:03 pm

    Property Features for 8977 DUPONT Blvd

    General Information

    Standard status
    Active
    Size
    3,300 SF
    Lot size
    0.69 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2015

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    Thomas Lucks

    Listing office Keller Williams Realty

    Listing date Mar 12, 2026

    Source Elliman

    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 Keller Williams Realty

    HighLights

    • Prime highway location with high traffic volume (22,000+ AADT) and 200‑foot road frontage.
    • Currently under lease at $42,000 per year.
    • DelDot commercial approved entry with heavy duty under structure for large load capacity.
    • Large walk‑in freezer and refrigerator, extra‑large capacity septic for future expansion.
    • Low annual taxes (approximately $640) and no town tax.
    • ADA compliant with accessible shop entry and parking.

    Overview

    This retail space is located in a prime highway location on 0.69 acres. The property backs up to 160 acres of farm field and features 200 feet of road frontage and a depth of 150 feet. The building is currently under lease at $42,000 per year. Considering its condition, location, age, and accessibility, this is considered a Class-B commercial building, needing very minor modifications to make it a Class-A facility. It has a DelDot commercial approved entry with heavy duty under structure for large load capacity. The 2022 AADT is 22,000+. The property includes 220VAC 3Phase power, heat pumps, and two large rollup doors with level roll-in capacity. It is ADA compliant and features an extremely large walk-in freezer and refrigerator, as well as an extra-large capacity septic for future expansion. The building has a slab foundation, metal roof, extra interior, above floor, storage, and overhead lighting. There is plenty of parking for autos and delivery trucks, including other abled parking with ADA accessible shop entry. The property is zoned AR-1 with conditional use (former deli.) There is no land lease, and the taxes are approximately $640 annually. It is not in municipal limits, so there is no town tax. The property is in Flood zone X, and is not in the 100 or 500 year flood zone. The building has approximately 3300 square feet of space.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $45.5k $13.80
    − Vacancy −$3.3k −$0.99
    EGI $42.3k $12.81
    − OpEx −$12.7k −$3.84
    NOI $29.6k $8.96
    3,300 SF · lease $13.80/SF/yr · vacancy 7.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $422.6K
    $369.8K – $493.1K (±1% cap)
    NOI $29,583 @ 7.0% cap · market cap 6.16%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $906.8K
    $793.5K – $1.06M (±1% cap)
    NOI $63,479 @ 7.0% cap · market cap 13.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ole McDonalds Grocery & Convenience Store

    Suggested Use

    Auto Parts Store Auto Repair Shop Nail Salon Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Sussex
    State
    Delaware
    Longitude
    -75.4388
    Latitude
    38.8519

    FAQs

    What type of property is this?
    Retail space - Retail space on 0.69 acres with highway frontage.
    Where is this retail space located?
    The property is located at 8977 DUPONT Blvd Lincoln, DE.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: Prime highway location with **high traffic volume (22,000+ AADT) and 200‑foot road frontage.**; Currently under lease at $42,000 per year.; DelDot commercial approved entry with **heavy duty under structure for large load capacity.**
    More about this property
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