101 Gray Ave Wilmington, DE 19805
- Commercial real estate
- 1,600 SF
- 0.13 lot acres
Current Use by Public Records
- Micro Edge Inc / Medical Equipment Manufacturer / Computer Store
Property Details for 101 Gray Ave
- Year built
- 1954
- Construction
- CONCRETE
- Lot size
- 0.13 lot acres
- Property size
- 1,600 SF
- Zone code
- 26C-2
- Property type
- Commercial real estate
- APN
- 26-025.20-021
- APU
- 2602520021
Description
This exceptional owner-user opportunity presents a 4,708-square-foot freestanding office building situated on a 0.13-acre lot at 101 N. Gray Ave, Wilmington, DE 19805. Built in 1954, this two-story building boasts a solid masonry construction with an "A" frame truss/shingle roof system, recently updated with a new shingle roof and new gas HVAC systems. The interior is well-maintained and clean, featuring ample natural light from numerous windows. The first floor encompasses 3,380 square feet, including 2,740 square feet of private offices, a reception area, kitchenette, and additional workspaces. A 640-square-foot warehouse with a drive-in door adds versatility. The second floor offers 1,328 square feet, comprising 1,152 square feet of offices and a conference room, along with 176 square feet of loft storage. The property is zoned for commercial use and provides parking for 5-6 vehicles (stacked). Its convenient location on Gray Avenue offers easy access to the I-95, I-295, and I-495 interchanges, as well as proximity to Route 141 and the Barley Mill development. This is a rare opportunity to acquire a well-maintained, versatile office building in a desirable Wilmington location. The asking price is $595,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5839
- Latitude
- 39.7511
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
