1600 Newport Pike, Wilmington, DE 19804-2541
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
CR · 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.