Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    516-534 Greenhill Ave Wilmington, DE 19805

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Wilmington retail space, multiple units.

    Lot size:
    28,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Wawaset Plaza, located at 516-534 Greenhill Ave in Wilmington, Delaware (zip code 19805), offers a fantastic opportunity for retail and restaurant businesses. This established neighborhood center boasts a total of 28,000 square feet and features two suites currently available. The minimum divisible space is 1,197 square feet, with a maximum contiguous space of 2,150 square feet. A total of 3,347 square feet is currently vacant, offering flexibility for various business needs. The property is situated on heavily trafficked Greenhill Avenue, between Lancaster Avenue and Pennsylvania Avenue, ensuring high visibility and accessibility. The existing tenant mix includes a wine and spirits store, an obstetrics practice, and a high-end day spa, creating a strong synergy and significant foot traffic for potential tenants. This presents a unique opportunity to join a thriving retail environment in a desirable Wilmington location. The property is located in New Castle County, Delaware. The building is a strip center style property, suitable for street retail, salons, bars, or office uses.

    Property Features for 516-534 Greenhill Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,000 SF
    Total Rate
    44450

    Unit(s) available at that property

    Space
    Suite 514
    Size
    1,197 SF
    Rate per SF
    $19
    Space
    Suite 522
    Size
    2,150 SF
    Rate per SF
    $19

    HighLights

    • Wawaset Plaza, a 28,000 square foot neighborhood center in Wilmington, DE (19805), offers retail and restaurant space.
    • Two suites totaling 3,347 square feet are available, with spaces ranging from 1,197 to 2,150 square feet.
    • High visibility location on heavily trafficked Greenhill Ave, between Lancaster and Pennsylvania Aves.
    • Strong tenant mix includes a wine & spirits store, obstetrics practice, and high‑end day spa.
    • Suitable for street retail, salons, bars, or office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    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
    -75.558648
    Latitude
    39.7604209

    Nearby Similar for Lease

    • $2,100 /Mo

      Office Space in Woodmill Complex

      Office space for rent in Pike Creek, Wilmington.
      5181 W Woodmill Dr, Wilmington, DE 19808
      View Details
    • $1,099 /Mo

      Flexible Commercial Space Available Now

      Prime commercial space with excellent flow and functionality, ready now.
      5201 Lower Ln, Wilmington, DE 19808
      View Details
    • $1,500 /Mo

      Professional Office Space For Lease

      700 SF office space near Brandywine Riverfront, Wilmington.
      1905 Superfine Ln, Wilmington, DE 19802
      View Details
    • $3,000 /Mo
      3,200 SF

      Charming Townhouse in Trolley Square

      End-of-row townhouse with upgraded kitchen, finished basement, and fenced yard.
      1301 Delaware Ave, Wilmington, DE 19806
      View Details
    • Contact for pricing
      1,420 SF

      Second Floor Office Space Available

      Centrally located office space with easy highway access.
      300-320 Cornell Dr, Wilmington, DE 19801
      View Details
    • Contact for pricing
      18,000 SF

      Light Industrial/Flex/Warehouse Space Available

      Centrally located light industrial/flex/warehouse property with various sized suites.
      401 Cornell Dr, Wilmington, DE 19801
      View Details
    • Contact for pricing
      23,943 SF

      Class A Office Space

      Luxurious office space in Wilmington's prestigious Star Building.
      123 Justison St, Wilmington, DE 19801
      View Details
    • Contact for pricing
      9,000 SF

      Light Industrial Warehouse Space Available

      Light industrial/flex/warehouse spaces with convenient access to major routes.
      301 Cornell Dr, Wilmington, DE 19801
      View Details
    • Contact for pricing
      41,436 SF

      Light Industrial Flex Warehouse Space

      Centrally located light industrial/flex/warehouse property near major transportation routes.
      100 Cornell Dr, Wilmington, DE 19801
      View Details
    • Contact for pricing
      1,500 SF

      Light Industrial/Flex/Warehouse Space Available

      Centrally located light industrial/flex/warehouse property with various sized suites.
      700 Cornell Dr, Wilmington, DE 19801
      View Details
    • Contact for pricing
      7,000 SF

      Flexible Office and Warehouse Space

      Office suites and flex warehouse space available with convenient access.
      238 N James St, Wilmington, DE 19804
      View Details
    • Contact for pricing
      8,000 SF

      Light Industrial Flex Warehouse Space

      Centrally located warehouses with sizes ranging from 1,500-18,000 SF.
      701 Cornell Dr, Wilmington, DE 19801
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Prime Wilmington retail space, multiple units.
    Where is this neighborhood center located?
    The property is located at 516-534 Greenhill Ave Wilmington, DE.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Wawaset Plaza, a 28,000 square foot neighborhood center in Wilmington, DE (19805), offers retail and restaurant space.; Two suites totaling 3,347 square feet are available, with spaces ranging from 1,197 to 2,150 square feet.; High visibility location on heavily trafficked Greenhill Ave, between Lancaster and Pennsylvania Aves.
    Request Owner's contact information
    516-534 Greenhill Ave Wilmington, DE 19805
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    516-534 Greenhill Ave
    Wilmington, DE 19805
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    516-534 Greenhill Ave Wilmington, DE 19805
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.