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Property profile & analytics
OFF-MARKET Estimated value $1,825,000
Retail space

2215 Washington St Wilmington, DE 19802-4090

11,699 SF 0.27 ac lot Built 1907
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US17-0253250
Property summary
AI-generated overview

This exceptional 675-square-foot retail space is perfectly situated at the intersection of Concord Avenue and Washington Street, directly on Route 202 in Wilmington, Delaware. The single-tenant occupancy offers a prime opportunity for a variety of businesses. Its high-traffic location ensures excellent visibility and accessibility for customers. The monthly rent is $1,000. The property's strategic placement on Route 202 makes it an attractive option for businesses seeking high foot traffic and easy access for customers. The space is well-suited for a range of retail concepts, including but not limited to mobile/wireless services, barbershops, nail salons, tobacco outlets, or hair salons. This location offers significant potential for growth and success due to its prominent position and high visibility within a busy commercial area. The property is ready for immediate occupancy, providing a seamless transition for new businesses. Interested parties are encouraged to inquire further to explore this exciting opportunity. The space is currently available for lease.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1907
Construction CONCRETE
Total area 11,699 SF
Lot 0.27 ac (11,761 SF)
Zoning code 26C-1
APN 26-022.10-166
UPID US17-0253250
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.74M
Comparable Approach Comparable
$1.92M
Blend (final) Blend
$1.83M
Owner & transaction history
Teddy G Kritikos · 7 yrs held
Teddy G Kritikos
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
26C-1 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Commercial (general) $2.4M +0.3%
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