For Sale $3,500,000
Property Type Office - General Office
Property Size 19,700 SF
Lot Size 0.28 Acre
Building Class B
Date Updated Mar 29, 2024

Wilmington, DE19,700 +/- SF building with an additional 10,000 +/- SF storage basement located at the corner of Orange & W 8th Streets. This two-story building has a basement for storage and two levels of above-grade offices.

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Highlights

Exposed wood-beamed ceilings, abundance of natural lighting, and modern finishes throughout.
Fully sprinklered and elevator served.
Parking lots adjacent to the building-buyer can negotiate a long term parking lease and/or can negotiate to purchase adjoining parking lots.
Tenants pay proportionate share of maintenance, taxes, and building insurance.
Owner currently occupies 1st floor and will vacate within 6-9 months of settlement
Second floor tenant "Kid's Kingdom" daycare has a 5 year lease with renewals

Contacts

Chris Moore, CCIM

LMT CRE

(302) 414-1000

Location

Getting Around

Walk Score ®
95/100 Walker's Paradise
Transit Score ®
61/100 Good Transit
Bike Score ®
53/100 Bikeable

City Wilmington, DE
Zip Code 19801
Market Philadelphia

Frequently Asked Questions

What is the lease rate for 715 N Orange Street?

Rental asking rate at 715 N Orange Street is $1,750,000.00/YR.

What is the total square footage of 715 N Orange Street?

715 N Orange Street totals 19,700 square feet.

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Contact Listing Broker

Chris Moore, CCIM

LMT CRE

(302) 414-1000

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715 N Orange Street, Wilmington, DE 19801 - Office Space

This listing is located at 715 N Orange Street in Wilmington, DE, 19801. The building incorporates a total of 19,700 SF Class B office space and is situated on a lot that is 0.28 Acre in size. This property is one of 27 office buildings in Wilmington that are at least 50,000 square feet in size.

At city level, the local office market incorporates, 28 class A office buildings, 43 class B office buildings, 6 class C office buildings. A total of 2 local office properties have achieved LEED certification. For investor consideration, the average asking rate for office space in Wilmington is $22.85/SF/YR across all property classes. Office building sale prices in Wilmington average $1,171,846.

The average rent rate for office space in the neighborhood, across all property classes, is $22.85/SF/YR. Office building sale prices in average $1,171,846.

Map of Property

715 N Orange Street