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$857,500

  • Sold
  • Closed
  • Commercial
See This Home
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See This Home
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This prime commercial property is currently leased and offers immediate rental income and a hassle-free ownership experience. Buy as an investor, wait till the tenant's lease is up and move in with your own business or change it from office to retail or mixed-use. Many possibilities. The tenant is paying very low rent so at the end of the lease period, on a renewal it can be increased considerably. Property Highlights: Parcel # 1700100001 consists of two buildings. The stand-alone building is 7,650 SF and the smaller building is 2,625 SF (attached to JT's Market, not including the market.) for a total of 10,275 SF. Tenant has been in place since 1987 and has a lease signed through November 2027. The tenant is below market rent. At the end of November 2027, an owner can increase rents, use the building themselves, or develop the property to a mix-use, etc. The buildings have had new HVAC systems within the last two years. It's in great shape with an engineering firm as the tenant. Call the agent for more details and discuss a tour.

Full Property Details for 708 Philadelphia Pike

General

  • Sold For: $857,500
  • Taxes: $14,890 (2024)
  • Status: Closed
  • Type: Commercial
  • Source: BrightMLSPhilly
  • MLS ID: DENC2074390
  • Added to Site: 368 day(s) ago

Business

  • Business Type: Other

Interior

  • Flooring: Carpet, Ceramic Tile, Vinyl

Parking

  • Total Spaces: 24
  • Parking Type: Parking Lot

Location

  • Area: Brandywine (30901)
  • County: New Castle
  • Development Name: Bellevue
  • Subdivision: Bellevue
  • Building Name: NONE AVAILABLE
  • Driving Directions: GPS

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Block, Brick
  • Foundation: Block, Brick/Mortar
  • Roof: Rubber, Flat
  • # Loading Docks: 1
  • Stories/Levels: 0
  • Year Built: 1964
  • Year Built Source: Estimated
  • Property Condition: Very Good

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Dimensions: 170.00 x 141.00
  • Zoning: 17MX2

Financial Considerations

  • Price Per Sq. Ft.: $87.59
  • Operating Expenses: $21,215
  • Assessment Year: 2024
  • School Tax: $10,436
  • City/TownTax: $1,496
  • City/TownTax Freq: Annually
  • County Tax: $2,958
  • County Tax Freq: Annually
  • Tax w/Assessment: $374,000
  • Tax Amount: $14,890
  • Tax Year: 2024
  • Owner Pays: Insurance, Taxes - Real Estate
  • Landlord Pays: Insurance, Taxes - Real Estate

Disclosures and Reports

  • Ownership: Other
  • Exclusions: The Tenant's personal belongings and furniture.
  • Investment: Yes
  • Lot Number: 1

Listed and Sold by Emory Hill Real Estate Services Inc., Lorraine C Sheldon

Listing agent

— 708 Philadelphia Pike —

  • Lorraine C Sheldon

    Emory Hill Real Estate Services Inc.

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 708 Philadelphia Pike

School District:Brandywine School District
NameGradesDistance
Mount Pleasant Elementary School, Wilmington, DE
500 Duncan Road, Wilmington, DE 19809
K-50.2 mi
duPont (Pierre S.) Middle School
701 West 34th Street, Wilmington, DE 19802
6-81.8 mi
Mount Pleasant High School
5201 Washington Street, Wilmington, DE 19809
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 708 Philadelphia Pike

Date
Details
Price
Change
Source
6/16/2025
Sold
$857,500
-4.72%
MLS
4/16/2025
Price Reduced
$900,000
-5.26%
MLS
1/14/2025
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Emory Hill Real Estate Services Inc., Lorraine C Sheldon

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708 Philadelphia Pike, Wilmington, DE 19809 (MLS# DENC2074390) is a Commercial property that was sold at $857,500 on June 16, 2025. Want to learn more about 708 Philadelphia Pike? Do you have questions about finding other Commercial real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.