Retail and Office Center
For Lease
Contact for pricing
516-534 Greenhill Ave., Wilmington, DE 19805
Neighborhood retail and office center with units from 800-5,250 SF.
Space Size2,150 SF
Property Size28,000 SF
Days on Market1252
Property Features for 516-534 Greenhill Ave.
General Information
Standard status
Active
Size
2,150 SF
Property subtype
Retail, Office, Restaurant
Lease Type
Modified Gross
Building Details
Building Size
28,000 SF
Tenancy
Multiple
Spaces For Lease
at 516-534 Greenhill Ave. Contact us- Size
- 2,150 SF
- Type
- Retail
- Lease Type
- Modified Gross
- Availability
- Active
Suite 522
Listing Agency:
SB Real Estate
Listed By:
Jeff Shahan, SIOR · License #DE RB-0030990
Source:
Crexi
Added: Mar 31, 2023
Changed: Aug 25
Last Checked: Sep 1 at 9:03AM
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 SB Real Estate
Investment Insights
Based on property information with market context.
Wawaset Plaza is a neighborhood retail and office center offering a total of 28,000 square feet. Units within the center range in size from 800 to 5,250 square feet and front Greenhill Avenue, a road with high traffic volume situated between Lancaster and Pennsylvania Avenues. The current tenant mix includes a wine and spirits store, an obstetrics practice, and a day spa, contributing to consistent foot traffic. The location on Greenhill Avenue provides accessibility via Route 141. Nearby points of interest include Greenhill Carwash, the Wawaset community, and Ed Porky Oliver Golf Course.
Key Highlights
- High foot traffic due to existing tenants like a wine and spirits store, obstetrics, and a day spa.
- Located on heavily traveled Greenhill Ave between Lancaster Ave and Pennsylvania Ave.
- Readily accessible via Route 141.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.86 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,667
Businesses Nearby
Explore this area
Business Placement
Demographics for 19805, DE
39,985
Population
17,281
Households
2.3
Avg Household Size
35
Median Age
23%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
7,270
Density / Sq Mi
$56,708
Median Household Income
$38,043
Median Earnings
$1,203
Median Rent
$220,200
Median Home Value
Market
Lease Benchmarks for Wilmington, DE
$22.24 /SF/Yr
Avg Asking Price
$18–$30 /SF/Yr
Price Range
10,458 SF
Avg Space Size
This space is priced 14% below the average of $22.24 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Neighborhood retail and office center with units from 800-5,250 SF.
Where is this retail space located?
The property is located at 516-534 Greenhill Ave. Wilmington, DE.
What is the lease rate?
The lease rate is $19.05 SF/Yr.
What are key features of this property?
This property features: High foot traffic due to existing tenants like a wine and spirits store, obstetrics, and a day spa.; Located on heavily traveled Greenhill Ave between Lancaster Ave and Pennsylvania Ave.; Readily accessible via Route 141.
