2800 Northeast Blvd
Wilmington, DE 19802
Retail Property For Sale


EXECUTIVE SUMMARY
2800 Governor Printz Blvd features a lot size of 43,996 sq ft with a building footprint of 19,739 sq ft. This commercial property is divided into three units, each with ample parking space and catering primarily to car repair services. The property owner runs A&W Tire, a successful used tire business occupying 12,683 sq ft. A&W Tire generates a monthly gross sale of $60,000 by stocking 7,000 used tires and offering replacement services for all vehicle types. The business is valued $550K, with strong cash flow.
Monthly rent income is $4500.
Situated in the emerging Governor Printz Blvd commercial district, the property benefits from its proximity to a range of thriving businesses, including a U-Haul truck rental center, Food Lion Grocery, Blue Water Wash Laundry, Total Fitness, Dollar General, Family Dollar, and local car dealerships. The area’s value is further enhanced by the ongoing construction of new commercial spaces and the upcoming upscale apartment complex "Imani Village," which will feature 780 units and is expected to be completed by 2027. This development is anticipated to transform the area into a vibrant commercial hub. "Negotiations are always open!!" Co - Broker compensation 3%.
Monthly rent income is $4500.
Situated in the emerging Governor Printz Blvd commercial district, the property benefits from its proximity to a range of thriving businesses, including a U-Haul truck rental center, Food Lion Grocery, Blue Water Wash Laundry, Total Fitness, Dollar General, Family Dollar, and local car dealerships. The area’s value is further enhanced by the ongoing construction of new commercial spaces and the upcoming upscale apartment complex "Imani Village," which will feature 780 units and is expected to be completed by 2027. This development is anticipated to transform the area into a vibrant commercial hub. "Negotiations are always open!!" Co - Broker compensation 3%.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
43,996 SF
Building Class
C
Year Built
1947
Price
$1,600,000
Price Per SF
$36
Cap Rate
7.31%
NOI
$117,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
26C-2 - Vehicle repair complex.
Parking
40 Spaces (0.91 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
PROPERTY TAXES
Parcel Number | 26-030.00-007 | Improvements Assessment | $86,300 |
Land Assessment | $44,000 | Total Assessment | $130,300 |