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    Property profile & analytics
    OFF-MARKET Estimated value $745,000
    Manufacturing properties

    1600 Newport Pike, Wilmington, DE 19804-2541

    13,283 SF 0.75 ac lot Built 1965
    Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US17-0232918
    Property summary
    AI-generated overview

    First State Plaza, a prominent 164,779 square foot retail center in Wilmington, Delaware, presents a unique investment opportunity. This multi-tenant strip mall boasts high visibility on West Newport Pike, offering exceptional access to major roadways including I-95, I-295, I-495, and Route 1. The property's strategic location places it within close proximity to Delaware Park and Christiana Mall, ensuring significant foot traffic and consumer reach. Currently, seven suites are available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 7,400 square feet. A substantial 165,012 square feet of space is currently vacant, providing ample opportunity for expansion or diversification. The center is anchored by established national tenants such as ShopRite and McDonald's, further enhancing its appeal and drawing power. Additional co-tenants include a US Post Office, Dollar Tree, and a Cinemark Movie Theater, creating a diverse and attractive retail environment. Ample parking is available with 668 spaces to accommodate customers and employees. Located in New Castle County, Delaware, with a zip code of 19804, this property offers a compelling combination of size, location, and established tenancy, making it an ideal investment for a variety of retail businesses. The property's high visibility and convenient access to major transportation arteries ensure maximum exposure and accessibility for potential tenants.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1965
    Construction CONCRETE
    Total area 13,283 SF
    Lot 0.75 ac (32,670 SF)
    Zoning code CR
    APN 07-047.20-152
    UPID US17-0232918
    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
    Current use
    Occupant on record · Public records
    • DT Online Marketing & Advertising (Bike/Boat/Book/etc) Store
    • Meghana Desai, Meghana Pharmacy
    • WSFS ATM Atm
    • Redbox Cinema (Bike/Boat/Book/etc) Store
    • Chris’s Auto Repair LLC Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $679k
    Blend (final) Blend
    $745k
    Owner & transaction history
    Duffy Properties LLC · 8 yrs held
    Duffy Properties LLC
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    CR · Wilmington, DE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $720,000 +6.5%
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