This Wilmington property for sale is located at 30 Bancroft Mills Road. The general use of 30 Bancroft Mills Road is office and it incorporates 7,989 square feet of class B office space. The current listed sale price for 30 Bancroft Mills Road is $899,000.
Contacts
Alicia Fox
DSM Commercial Real Estate Services
Property Details
Property TypeOffice - General Office
Property Size 7,989 SF
Building ClassB
Year Built1907
Date UpdatedJun 4, 2024
Located along the scenic Brandywine River, close to Delaware Art Museum and Rockford Park.DSM Commercial is pleased to offer this 7,989 SF +/- commercial building for sale in Wilmington, DE. The building is situated on .24 acres in the Waterfront District and comes with 24 deeded parking spots. Built in 1907, with expansions and upgrades thereafter, including new roof in 2016, new HVAC in 2018 (1st & 2nd floors), new fire escape in 2023, replaced 22 windows in 2023, renovated interior common stairwell in 2023, etc. The property is located along the scenic Brandywine River, across the bridge from Alapocas Run State Park, and within walking distance to Rockford Park, the Delaware Art Museum, shopping and plenty of restaurants. The sale also includes 50% ownership in Upper and Lower Road Maintenance Corporation, which owns the roads around the building. Perfect for a law firm, architectural firm, engineering firm, general office, or even a possible redevelopment/apartment conversion.
*The building is also available for lease*Three story, 7,989 SF office building located along the scenic Brandywine River, close to the Delaware Art Museum and Rockford Park. Floors 1 & 2 consist of creative loft space with exposed beams, two restrooms, conference rooms and plentiful open space with abundant natural lighting; currently connected with an internal staircase (which can be closed off in order to lease out separately). Floor 3 consists of contemporary office space with four offices, reception area, conference room, kitchenette, two restrooms (one with shower), open space previously used as a fitness area, one private entrance and one common entrance.
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30 Bancroft Mills Road, Wilmington, DE 19806 - Office Space
30 Bancroft Mills Road is located at 30 Bancroft Mills Road in Wilmington, DE 19806.
The property was completed in 1907. This Wilmington office investment incorporates a total of 7,989 SF of B office space.
Within the same neighborhood, there is a total of 2,094,295 SF of available office space across 325 office spaces for lease. Including all property building classes and property grades, the average asking office rent per square foot in is $22.2/SF/YR. At zip code level, leasing opportunities currently on the market include 9 office spaces that add up to a total of 49,816 SF. Office building sale prices in average $883,635.
At city level, there are 4 commercial properties, of which 1 are office buildings of 50,000 square feet or larger. Of these properties, 2 office buildings have achieved LEED certification.
Across the market, the average asking office rent per square foot in Wilmington is $22.2/SF/YR. Specifically, the average office rate for Class A office buildings is $22.96/SF/YR. For Class B office buildings the average rate is $22.09/SF/YR. For Class C office buildings the average rate is $16.36/SF/YR. Office building sale prices in Wilmington average $883,635.