Wilmington, DE 19809,708 PHILADELPHIA PIKE
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Wilmington, DE 19809,708 PHILADELPHIA PIKE
Wilmington, DE 19809,708 PHILADELPHIA PIKE
Wilmington, DE 19809,708 PHILADELPHIA PIKE
Wilmington, DE 19809,708 PHILADELPHIA PIKE
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$ 900,000
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708 PHILADELPHIA PIKE Wilmington, DE 19809

10,275 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 10,275 sqft

Price per Sqft $87

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 Office

Property Description

This prime commercial property is currently leased and offers immediate rental income and a hassle-free ownership experience. Buy as an investor, wait till the tenant's lease is up and move in with your own business or change it from office to retail or mixed-use. Many possibilities. The tenant is paying very low rent so at the end of the lease period, on a renewal it can be increased considerably.
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


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

Michelle Keys

Agent | License ID: 1540400 NJ

+1(609) 556-0561

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708 PHILADELPHIA PIKE