Presented By: EMORY HILL REAL ESTATE SERVICES INC.
MLS# DENC2074390
01/14/2025
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SQFT • 10,275
Home Details
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.
Presented By: EMORY HILL REAL ESTATE SERVICES INC.
Interior Features for 708 Philadelphia Pike
Other Interior Features
Central Air Y/NYes
FlooringCarpet, Ceramic Tile, Vinyl
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 708 Philadelphia Pike
AccessibilityNone
Building NameNONE AVAILABLE
Business TypeOther
Cap Rate7.00
CityWILMINGTON
Construction MaterialsBlock, Brick
Cool FuelElectric
CoolingCentral A/C
CountyNEW CASTLE
DirectionsGPS
ExclusionsThe Tenant's personal belongings and furniture.
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