735 Philadelphia Pike Wilmington, DE 19809
For Sale
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This 1,372 sq ft commercial property at 735 Philadelphia Pike, Wilmington, DE, sits on a 0.41-acre lot and is priced at $780,000. Its prime location on Philadelphia Pike offers high visibility and easy access, attracting significant traffic. The property boasts ample parking for approximately 60 vehicles, a major advantage for businesses relying on customer visits. Currently featuring a garage, the property is suitable for an auto shop or similar use. Alternatively, existing structures can be demolished to create a space tailored to specific needs, such as retail or office space. Preliminary county approval for mixed-use development allows for the integration of residential and business spaces, creating live-work opportunities. This versatile property presents a unique chance to establish or expand a business in a thriving Wilmington location. The property's potential extends to various uses, from retail and office to a mixed-use development, making it an attractive investment opportunity.
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U-Haul Neighborhood Dealer Car Rental Facility
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
CN · 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.