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    1600 Newport Pike Wilmington, DE 19804

    For Lease
    $22 SF/Yr

    Wilmington, DE Strip Mall Opportunity

    Lot size:
    164,779 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    First State Plaza, a prominent 164,779 square foot retail center in Wilmington, Delaware, presents a unique investment opportunity. This multi-tenant strip mall boasts high visibility on West Newport Pike, offering exceptional access to major roadways including I-95, I-295, I-495, and Route 1. The property's strategic location places it within close proximity to Delaware Park and Christiana Mall, ensuring significant foot traffic and consumer reach. Currently, seven suites are available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 7,400 square feet. A substantial 165,012 square feet of space is currently vacant, providing ample opportunity for expansion or diversification. The center is anchored by established national tenants such as ShopRite and McDonald's, further enhancing its appeal and drawing power. Additional co-tenants include a US Post Office, Dollar Tree, and a Cinemark Movie Theater, creating a diverse and attractive retail environment. Ample parking is available with 668 spaces to accommodate customers and employees. Located in New Castle County, Delaware, with a zip code of 19804, this property offers a compelling combination of size, location, and established tenancy, making it an ideal investment for a variety of retail businesses. The property's high visibility and convenient access to major transportation arteries ensure maximum exposure and accessibility for potential tenants.

    Property Features for 1600 Newport Pike

    General Information

    Property type
    Strip malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    164,779 SF
    Total Rate
    311020.36

    Unit(s) available at that property

    Space
    (address 1625) contiguous to Suite 12
    Size
    1 SF
    Rate per SF
    $22
    Space
    Suite 21 B
    Size
    1,658 SF
    Rate per SF
    $22
    Space
    Suite 14
    Size
    1,200 SF
    Rate per SF
    $22
    Space
    Suite 12
    Size
    3,000 SF
    Rate per SF
    $22
    Space
    Suite 8
    Size
    1,626 SF
    Rate per SF
    $22
    Space
    Suite 6b
    Size
    7,400 SF
    Rate per SF
    $22
    Space
    Suite 6a
    Size
    1,617 SF
    Rate per SF
    $22

    HighLights

    • 164,779 SF retail center in Wilmington, DE, with high visibility on West Newport Pike.
    • Seven available suites ranging from 1,200 SF to 7,400 SF contiguous.
    • 165,012 SF of vacant space available.
    • Anchored by ShopRite and McDonald's, with additional tenants including Dollar Tree, US Post Office, and Cinemark.
    • 668 parking spaces.
    • Excellent access to I‑95, I‑295, I‑495, and Route 1, near Delaware Park and Christiana Mall.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DT Online Website Designer Meghana Desai, Meghana Pharmacy WSFS ATM Atm Redbox Movie Rental Kiosk Chris’s Auto Repair ... Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6302649
    Latitude
    39.7148676

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    FAQs

    What type of property is this?
    Strip mall - Wilmington, DE Strip Mall Opportunity
    Where is this strip mall located?
    The property is located at 1600 Newport Pike Wilmington, DE.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 164,779 SF retail center in Wilmington, DE, with high visibility on West Newport Pike.; Seven available suites ranging from 1,200 SF to 7,400 SF contiguous.; 165,012 SF of vacant space available.
    Request Owner's contact information
    1600 Newport Pike Wilmington, DE 19804
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    Wilmington, DE 19804
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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
    1600 Newport Pike Wilmington, DE 19804
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