1611 Pennsylvania Ave Wilmington, DE 19806
Property profile & analytics
1611 Pennsylvania Ave Wilmington, DE 19806
- Turn key restaurants
- 4,029 SF
- 0.48 lot acres
Property ID
US17-0209198
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Boston Market / Restaurant
Property Details for 1611 Pennsylvania Ave
- Year built
- 1970
- Construction
- BRICK
- Lot size
- 0.48 lot acres
- Property size
- 4,029 SF
- Zone code
- 26C-2
- Property type
- Turn key restaurants
- APN
- 26-020.10-205
- APU
- 2602010205
Description
This exceptional 4,000-square-foot retail property, situated on a 4.5-acre lot at 1611 Pennsylvania Avenue in Wilmington, Delaware, presents a remarkable investment opportunity. Its prime location at a signalized intersection on Pennsylvania Avenue, near North Dupont, ensures high visibility and significant traffic flow. The property benefits from easy access to downtown Wilmington and surrounding neighborhoods, making it highly convenient for customers. The building's single-tenant occupancy offers flexibility and control, while its prior tenant's fixtures, fittings, and equipment (FF&E) are included, potentially saving significant upfront costs for a new operator. The property's versatility makes it ideal for a variety of uses, including fast food and quick-service restaurants (QSR), general retail businesses, or medical practices. Its strategic location offers excellent exposure to a densely populated area, maximizing potential customer reach. Furthermore, its proximity to major roadways, such as Routes 95 and 202, provides easy access for both customers and employees. This property represents a rare chance to acquire a well-positioned, versatile retail space in a thriving Wilmington location. The substantial lot size offers ample parking and potential for future expansion. Don't miss this opportunity to secure a prime commercial property in a high-demand area.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $695,000 Current use
- COMMERCIAL (GENERAL)
- $950,000 Change: +37% Conversion: Easy
- RETAIL STORES
- $875,000 Change: +27% Conversion: Easy
- MEDICAL BUILDING
- $675,000 Change: -3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5642
- Latitude
- 39.7549
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,243
$250,900
$235,200
$486,100
-
$0.00
$0.00
$0.00
