Wells Fargo Bank - UNDER CONTRACT | 7270 Lancaster Pike
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Wells Fargo Bank - UNDER CONTRACT 7270 Lancaster Pike
6,000 SF Retail Building Hockessin, DE 19707 $2,700,000 ($450/SF)
Investment Highlights
- Parking: 90 spaces
- Drive-Thru Lanes: 3
- Frontage: 305' (Lancaster Pike)
- Combined Traffic Counts: 21,795 AADT (Lancaster Pike/Old Lancaster Pike)
Executive Summary
THE GATEWAY TO HOCKESSIN: This is a rare opportunity to own a prime commercial property along the heavily traveled Lancaster Pike corridor. The current tenant, Wells Fargo, will be vacating at the end of September 2024. This property is zoned Commercial Regional (CR), which allows for a wide variety of commercial uses to be permitted. While currently fit-out for a Bank branch, the property is also well-suited for a potential redevelopment as the Stormwater Management is already in-place on the site. The property’s access and visibility are considered excellent with both ingress/egress and signage along both Lancaster Pike and Old Lancaster Pike. With its prominent location and development possibilities, this property is ideal for businesses seeking a prestigious address.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
B
Year Built
2001
Price
$2,700,000
Price Per SF
$450
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
3.53 AC
Zoning
CR - Commercial Regional zoning is intended for higher density and scale commercial development allowing for larger retail stores and shopping center
Parking
84 Spaces (14 Spaces per 1,000 SF Leased)
Frontage
62 FT on Lancaster Pike
Amenities
- 24 Hour Access
- Banking
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 08-008.30-009 | Improvements Assessment | $593,300 (2023) |
| Land Assessment | $286,300 (2023) | Total Assessment | $879,600 (2023) |
PROPERTY TAXES
Parcel Number
08-008.30-009
Land Assessment
$286,300 (2023)
Improvements Assessment
$593,300 (2023)
Total Assessment
$879,600 (2023)
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Wells Fargo Bank - UNDER CONTRACT | 7270 Lancaster Pike
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