101 N Gray Ave Wilmington, DE 19805
For Sale
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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.
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Micro Edge Inc Production Facility Factory
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
26C-2 · Wilmington, DEWilmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.