1611 Pennsylvania Ave Wilmington, DE 19806
- Turn key restaurants
- 4,029 SF
- 0.48 lot acres
Current Use by Public Records
- Boston Market / Caterer / Chicken 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
-
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