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    2401 Lancaster Ave Wilmington, DE 19805

    Sponsored
    For Sale
    $325,000

    0.17-acre lot, high-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.17-acre commercial land parcel presents a prime investment opportunity in Wilmington, Delaware. Located at 2401 Lancaster Avenue, at the corner of Rodman Street, this level lot boasts excellent visibility and accessibility due to its high morning and evening commuter traffic. The property is zoned 26C-2, designated as a Secondary Business Community Center, offering a wide range of development possibilities. Envision retail spaces, apartments, or office buildings thriving in this dynamic location. City water and sewer hookups are conveniently located nearby, simplifying the development process. The lot dimensions measure approximately 100 feet deep by 75 feet of frontage, providing ample space for a variety of construction plans. The property's address is 2401 Lancaster Avenue, Wilmington, DE 19805, and its Assessor's Parcel Number (APN) is 26-026.30-001. This is a rare opportunity to acquire a well-situated commercial lot in a thriving Delaware community. The asking price for this exceptional property is $325,000. Don't miss this chance to capitalize on this strategic location and build your next successful venture.

    Property Features for 2401 Lancaster Ave

    General Information

    Property type
    Land
    Lot Size
    7,405 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5794362895
    Latitude
    39.748805492234

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    FAQs

    What type of property is this?
    Land - 0.17-acre lot, high-traffic location.
    Where is this land located?
    The property is located at 2401 Lancaster Ave Wilmington, DE.
    What is the asking price?
    The asking price for this property is $325,000.
    (302) 994-3907
    Request Owner's contact information
    2401 Lancaster Ave Wilmington, DE 19805
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    Wilmington, DE 19805
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2401 Lancaster Ave Wilmington, DE 19805
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