Property summary
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
VerifiedCap rate & NOI
Current use
-
Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Pharmacy
-
Atm
-
Cinema (Bike/Boat/Book/etc) Store
-
Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CR · Wilmington, DEZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CR in Wilmington, DE.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.