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Property profile & analytics
OFF-MARKET
Neighborhood centers

516-534 Greenhill Ave Wilmington, DE 19805

28,000 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Neighborhood centers
Total area 28,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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