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    1401 Pennsylvania Ave Wilmington, DE 19806

    Sponsored
    For Sale
    $159,000

    750 SF Retail Condo, High Traffic Area

    Property size:
    750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 750-square-foot retail condominium is ideally situated at 1401 Pennsylvania Avenue, Suite 102, in Wilmington, Delaware's vibrant Trolley Square neighborhood. Offered at $159,000 ($212/SF), this property boasts a prime location on a busy thoroughfare with a daily traffic count of 17,667 vehicles. The building, constructed in 1981, is a two-story structure, and this unit is zoned 26R-2A. The space is currently configured as a salon, although owner fixtures are not included in the sale. Utilities—electricity, water, trash, and cable—are conveniently included in the condo fee. One deeded off-street parking space is provided, with ample on-street parking available for customers. This presents a fantastic opportunity for a variety of retail businesses seeking high visibility and convenient access in a bustling commercial district. The property is a single-unit condominium.

    Property Features for 1401 Pennsylvania Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    750 SF

    Building Details

    Year Built
    1981
    Stories
    20
    Units
    1

    HighLights

    • 750‑square‑foot retail condo in Wilmington, DE's Trolley Square.
    • Priced at $159,000 ($212/SF).
    • High‑traffic location (17,667 vehicles daily) on Pennsylvania Avenue.
    • Zoned 26R‑2A.
    • Includes one deeded parking space plus ample on‑street parking.
    • Condo fees include utilities (electricity, water, trash, cable).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Charles F. ... Dentist Bishop Taurance N ... Dentist Richard F Rago ... Personal Injury Attorney 1401 Hair Designs ... Hair Salon AMANI Birth Midwife

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery 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
    -75.5609746
    Latitude
    39.7539439

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    FAQs

    What type of property is this?
    Individual retail property - 750 SF Retail Condo, High Traffic Area
    Where is this individual retail property located?
    The property is located at 1401 Pennsylvania Ave Wilmington, DE.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: 750-square-foot retail condo in Wilmington, DE's Trolley Square.; Priced at $159,000 ($212/SF).; High-traffic location (17,667 vehicles daily) on Pennsylvania Avenue.
    Request Owner's contact information
    1401 Pennsylvania Ave Wilmington, DE 19806
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    Wilmington, DE 19806
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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
    1401 Pennsylvania Ave Wilmington, DE 19806
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