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1200 Philadelphia Pike 37,518 SF 60% Leased Office Building Wilmington, DE 19809 $3,200,000 ($85.29/SF)
Investment Highlights
- Situated on 1.55 +/- acres.
- Iit enjoys convenient access to major highways, public transportation, and nearby amenities.
- Located on a high-visibility corridor in North Wilmington
Executive Summary
This 28,517 +/- SF three-story, elevator-served office building is an exceptional opportunity for investors or owner-occupants. Situated on 1.55 +/- acres, the income-producing property features multiple conference rooms, private offices, kitchenettes, and restrooms, offering flexible and functional spaces for a variety of business needs. Located on a high-visibility corridor in North Wilmington, it enjoys convenient access to major highways, public transportation, and nearby amenities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
37,518 SF
Building Class
B
Year Built
1977
Price
$3,200,000
Price Per SF
$85.29
Percent Leased
60%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,506 SF
Slab To Slab
9’
Building FAR
0.56
Lot Size
1.55 AC
Zoning
CN - Commercial Neighborhood
Parking
100 Spaces (2.67 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 06-115.00-211 | Improvements Assessment | $697,400 |
| Land Assessment | $202,600 | Total Assessment | $900,000 |
Property Taxes
Parcel Number
06-115.00-211
Land Assessment
$202,600
Improvements Assessment
$697,400
Total Assessment
$900,000
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1200 Philadelphia Pike
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