Wilmington, DE 19809,708 PHILADELPHIA PIKE
Wilmington, DE 19809,708 PHILADELPHIA PIKE
Wilmington, DE 19809,708 PHILADELPHIA PIKE
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$950,000
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 10,275 sqft

Price per Sqft $92

Subdivision Bellevue

MLS Listing ID DENC2074390

Originating Board BRIGHT

Year Built 1964

Annual Tax Amount $14,890

Tax Year 2024

Lot Dimensions 170.00 x 141.00

Property Sub-Type Mixed Use

Property Description

Exceptional investment opportunity! This prime commercial property is currently leased and offers immediate rental income and a hassle-free ownership experience.
Property Highlights:
• Parcel # 1700100001 consists of two buildings. The stand-alone building is 7,650 SF and the smaller building is 2,625 SF (attached to JT's Market, not including the market.) for a total of 10,275 SF.
•Tenant has been in place since 1987 and has a lease signed through November 2027. The tenant is below market rent. At the end of November 2027, an owner can increase rents, use the building themselves, or develop the property to a mix-use, etc.
The buildings have had new HVAC systems within the last two years. It's in great shape with an engineering firm as the tenant. Call the agent for more details and discuss a tour.

Location

State DE

County New Castle

Area Brandywine (30901)

Zoning 17MX2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Carpet, Ceramic Tile, Vinyl

Heat Source Natural Gas

Exterior

Garage Spaces 24.0

Water Access N

Roof Type Rubber,Flat

Accessibility None

Total Parking Spaces 24

Garage N

Building

Foundation Block, Brick/Mortar

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Brandywine

Others

Tax ID 17-001.00-001

Ownership Other

Special Listing Condition Standard


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Bright MLS (BMLS)
Listed by Lorraine C Sheldon • EMORY HILL REAL ESTATE SERVICES INC.

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Rosegate Mortgage

+1(704) 237-0636

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