4905 Mermaid Boulevard Wilmington, DE ^$ 5,200,000

4905 Mermaid Boulevard

^$ 5,200,000

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4905 Mermaid Boulevard

Wilmington, DE, 19808

^$ 5,200,000

Studio Baths0.0 Sq 43,500

Monthly Estimate*

^$ 34,561

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Studio

Commercial Property for sale in Wilmington, DE

for $5,200,000. This 43,500 square foot building was built in 1983 on a lot size of 2.6.

We have listed a great investment opportunity in Wilmington, Delaware. Located at 4905 Mermaid BLVD, Wilmington, DE, this Fitness Center and Swim Club is a turn-key business listed at $5.2 million. Zoner C.N. (Commercial Neighborhood), this location gives incredible access to a large population of Wilmington residents. The property is 2.6 acres with a 43,400 sq ft facility. The property borders two parks and a golf course. A cap rate of 7.7 +/- is available on a sale and lease-back agreement.

Commercial Active

Price

^$ 5,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 47,516

Style

Health Club,Recreation

Lot Size

2.6

Year Built

1983

Town/City

Wilmington

County/Region

New Castle

MLS | Web ID

DENC2056972

Features

Interior

Heating Fuel Natural Gas

Hot Water Natural Gas

Heating Y/N Y

Street Suffix BOULEVARD

Central Air Y/N Y

General

Sewer Public Sewer

Heating Central

Cooling Central A/C

Possession Negotiable

Zoning CN

Construction Materials Mixed

Year Built 1983

Property SubType Retail

Tax Year 2022

Percent Ownership Fee Simple

Cool Fuel Electric

Business Type Health Club Recreation

Accessibility Other

County NEW CASTLE

New Construction N

Property Type Commercial Sale

Possible Use Apartment Building Barber/Beauty Commercial Day Care Development Florist/Nursery Food Market Funeral Home Hotel/Motel Institutional Medical/Dental Mixed Use Multi-Family Office Professional Service R

Water Access Y/N N

Status ACTIVE

Directions On Mermaid Blvd

City WILMINGTON

Buyer Agent Compensation 2.5

Total Units 0

MLS Area Brandywine (30901)

Lot Size Square Feet 113256.00

Waterfront Y/N N

Street Name MERMAID

Tax Annual Amount 47516.0

Price Per Sq Ft 119.82

Vacation Rental Y/N N

Days on Market 72

Standard Status Active

Year Built Source Estimated

Legal Subdivision PIKE CREEK COURT CLU

Tax Lot 354

Cap Rate 7.70

Buyer Agent Compensation Type % Of Gross

Exterior

Water Source Public

Inclusions All equipment

Type of Parking Parking Lot

Water View Y/N N

Building Area Total 43400.00

Lot Dimensions 0.00 x 0.00

Lot Size Acres 2.60

Lot Size Units Square Feet

Lot Size Source Assessor

Land Assessed Value 141600.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 4905

* Excluded Features

List By

jeff@themovingexperiencede.com

Affordability Calculator

$38,520

Per Month

Monthly Principal & Interest: $34,561
Monthly Property Taxes: $3,960
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Wilmington, DE

Average List Price ^$714,776

Percent of Sale Price 86%

About Wilmington, DE

72,929 Population

0% Since 2002

^$41,839 Median Income

36.72 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/28/2024	$5,200,000		Listed Price

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4905 Mermaid Boulevard, Wilmington, DE, 19808 is a Commercial Property for sale at $5,200,000 with 43,500 sqft and a lot size of 2.6. 4905 Mermaid Boulevard is a studio with 0.0 baths and was built in 1983. The property's zip code is 19808 which is in Wilmington, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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4905 Mermaid Boulevard

Commercial Property for sale in Wilmington, DE

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