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Retail and Flex Opportunity For Sale 2038-2050 Telegraph Rd 18,400 SF 7% Leased Retail Building Wilmington, DE 19808 $1,550,000 ($84.24/SF) 8.17% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased
- Flexible layout suitable for multiple uses
- Income-producing asset with stable tenancy
- Ideal for investment or owner-user opportunity
EXECUTIVE SUMMARY
2038 Telegraph Road presents a premier investment opportunity with a 17,175 ± SF retail and flex property in a strong Wilmington location. The property is currently fully leased, generating stable income with excellent tenant retention. Its flexible design allows for a variety of uses, making it equally attractive to both investors seeking reliable cash flow and owner-users looking for future occupancy potential. With a well-maintained structure, convenient access, and strong surrounding demographics, this property offers both immediate returns and long-term upside.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
18,400 SF
Building Class
C
Year Built
1960
Price
$1,550,000
Price Per SF
$84.24
Cap Rate
8.17%
NOI
$126,635
Percent Leased
7%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.90 AC
Zoning
CR - Commercial Residential zoning, is designed to allow a mix of commercial and residential uses within the same area.
Frontage
537’ on Telegraph Rd
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Greatglas Inc
- Manufacturing
- -
- -
- -
- Loyal Order Of Moose
- Services
- -
- -
- -
- Presley's Barber Shop
- Services
- -
- -
- -
- Ray's Certified Auto Repair
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Greatglas Inc | Manufacturing | - | - | - | ||
| Loyal Order Of Moose | Services | - | - | - | ||
| Presley's Barber Shop | Services | - | - | - | ||
| Ray's Certified Auto Repair | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-050.10-047 | Improvements Assessment | $136,600 |
| Land Assessment | $66,500 | Total Assessment | $203,100 |
PROPERTY TAXES
Parcel Number
08-050.10-047
Land Assessment
$66,500
Improvements Assessment
$136,600
Total Assessment
$203,100
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Retail and Flex Opportunity For Sale | 2038-2050 Telegraph Rd
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