1026 Centerville Rd Wilmington, DE 19804-2004
- Warehouses
- 1,920 SF
- 0.35 lot acres
Jul 09, 2024
Current Use by Public Records
- Warehouses
Property Details for 1026 Centerville Rd
- Year built
- 1968
- Construction
- CONCRETE
- Lot size
- 0.35 lot acres
- Property size
- 1,920 SF
- Zone code
- I
- Property type
- Warehouses
- APN
- 07-042.10-019
- APU
- 704210019
Description
This exceptional 2,752-square-foot warehouse space at 1026 Centerville Road presents a unique leasing opportunity. Ideally situated at the entrance to Route 141, it boasts convenient access to major interstates I-95, I-495, and I-295 (within 1.5 miles of the I-95/I-495/I-295/Route 141 interchange). The property is zoned I and features both 10' and 14' ceiling heights, providing ample vertical space. The warehouse includes a storefront entrance, a roll-up door, and a sizable lay-down area. Ample parking is available. Before occupancy, the building will undergo significant improvements, including a fresh coat of paint, roof sealing, and a completely resealed and restriped parking lot. This is the first time this building, occupied by the same tenant for over 40 years, has been offered for lease to the public. High-visibility rooftop signage is available, offering excellent branding opportunities visible from Route 141 and Centerville Road, including the Route 141 on-ramp. The property's location across from an Amazon distribution center and adjacent to Delaware Brick provides exceptional visibility and access to a robust commercial network. This fully conditioned warehouse space is ready for immediate occupancy.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $315,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $250,000
- 6.5%
- $230,000
- 7%
- $215,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $303,000
Market price range: $137k - $303k
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Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.6175
- Latitude
- 39.7281
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA