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1719 Delaware Ave 5,435 SF 100% Leased Office Building Wilmington, DE 19806 $1,495,000 ($275.07/SF) 7.76% Cap Rate



Investment Highlights
- On and Off Site Parking!
- Turn key investment with owner/user opportunity
- Premier Trolley Square/Forty Acres Location
Executive Summary
Prime mixed-use assemblage of adjacent properties, located in the highly sought-after Trolley Square/Forty Acres Conservation District. This rare offering includes three buildings, on-site parking, and additional off-site parking nearby—an exceptional advantage in this vibrant urban neighborhood. The newer structure (1719) is a purpose-built office building featuring four levels of well-designed workspace (including a lower level). 1721 and 1732 offer long-standing retail tenancy, salon use, and a residential dwelling unit, creating a diversified and resilient income stream. With stable income in place and a strong tenant mix, this choice property provides an excellent opportunity to diversify across multiple use types while securing a foothold in one of Wilmington’s premier submarkets. A must see for investors or owner/uses seeking quality, location, and long-term stability. Property is located in City of Wilmington Conservation District.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,435 SF
Building Class
B
Year Built
1986
Price
$1,495,000
Price Per SF
$275.07
Cap Rate
7.76%
NOI
$115,977
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,700 SF
Building FAR
1.56
Lot Size
0.08 AC
Zoning
C-1 - Forty Acres Neighborhood Conservation Distrct.
Parking
4 Spaces (0.74 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Partitioned Offices
- Plug & Play
- Air Conditioning
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 26-013.40-136 | Improvements Assessment | $554,600 |
| Land Assessment | $193,500 | Total Assessment | $748,100 |
Property Taxes
Parcel Number
26-013.40-136
Land Assessment
$193,500
Improvements Assessment
$554,600
Total Assessment
$748,100
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1719 Delaware Ave
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