1621 Heald St Wilmington, DE 19802-5146
This exceptional investment opportunity presents an assemblage of two parcels totaling 0.12 acres, encompassing a 3,734 square foot office and/or warehouse building situated in the vibrant downtown Wilmington district. The property's strategic location offers unparalleled access to major transportation arteries, including the proximity to I-495 and the Port of Wilmington, significantly enhancing its logistical advantages. The existing structure provides a versatile foundation for a multitude of commercial uses. Potential applications include, but are not limited to, daycare facilities, storage warehousing, auto body repair shops, moving and hauling terminals, utility or pumping substations, recycling collection centers, and construction company operations. The seller is offering both parcels as a single, cohesive unit, presenting a unique chance to acquire a substantial property in a high-demand area. The building's size and layout offer considerable flexibility for adaptive reuse, catering to a wide range of business needs. This prime location, coupled with the property's functional attributes, makes it an attractive proposition for investors and entrepreneurs seeking a foothold in Wilmington's thriving commercial landscape. The combined acreage and building size provide ample space for expansion or modification, allowing for significant customization to suit specific operational requirements. This is a rare opportunity to acquire a well-positioned industrial property in a desirable location.
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Shelia's Childcare Center Daycare Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
26C-5 · Wilmington, DECosts & 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.