Technical
Financial
Distress signals
Property profile

601 A St Wilmington, DE 19801

FOR SALE
Warehouses
Property ID
US17-0224154
3,410 SF 1.55 ac lot Built 1965
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.55-acre industrial land parcel presents a unique investment opportunity in Wilmington, Delaware. Strategically located on the Christina River, this property enjoys convenient access to major transportation arteries, including I-495 and the Delaware Memorial Bridge, ensuring seamless connectivity throughout the region. The site is zoned W4, designating it as a Waterfront Residential/Commercial District, offering considerable flexibility for diverse development projects. Current zoning permits multiple uses, providing ample scope for creative and profitable ventures. A short-term lease is currently in place, offering immediate income potential or a future development opportunity. The property benefits from a desirable location, surrounded by established businesses such as the River House Apartments, Wilmington Rowing Club, and the Delaware Humane Society, contributing to a thriving and well-established neighborhood. This prime waterfront location offers unparalleled visibility and accessibility, making it an ideal site for a variety of commercial or mixed-use developments. The property's size and zoning regulations provide a solid foundation for a range of projects, from light industrial to potentially complementary commercial uses. The existing short-term lease provides a buffer period for planning and development, allowing for a strategic approach to maximizing the property's potential. This is a rare opportunity to acquire a significant waterfront property in a prime location with excellent access to transportation and a supportive community. The address is 601 A Street, Wilmington, DE 19801.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1965
Construction CONCRETE
Total area 3,410 SF
Lot 1.55 ac (67,518 SF)
Zoning code 26W4
APN 26-050.00-038
UPID US17-0224154

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

601 A St Wilmington, DE 19801
Wilmington metro Census 1902 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2004
3 recorded transactions
2004
$10
2004
$10
1969
Price N/A

Zoning & alternative use

26W4 · Wilmington, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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