302-354-0792
1220 Old Lancaster Pike, Hockessin, DE for Sale
Storefront Retail/Office - FOR SALE
1/11
null | Request Cap Rate

NEW


1220 Old Lancaster Pike
Hockessin, DE 19707


HIGHLIGHTS

  • Established mixed use retail, village style destination location
  • Existing in place incom
  • Recent renewals demonstrates tenant commitment to location
  • Existing vacancy presents opportunity to enhance income or use for owner
  • 6+ acres with abundant surface parking

OVERVIEW

Hockessin Corner presents a rare opportunity to acquire a well-established, multi-tenant neighborhood retail shopping center located in the heart of the affluent Hockessin marketplace in northern Delaware. The property consists of both inline and free-standing buildings summing to approximately 51,700+- gross square feet of village-style retail with abundant surface parking. Anchored by long-standing tenants including Back Burner, Casual Marketplace, and Jennifer’s Bridal, the center benefits from a complementary mix of service-oriented retailers that generate consistent local traffic and reinforce its position as a true community destination. The property is currently approximately 80% occupied with a weighted average remaining lease term of 4.5+- years, providing investors with in-place and providing future leasing opportunity. Recent tenant renewals underscore tenant commitment and confidence in the center’s vibrancy. Situated on a 6.13-acre site, Hockessin Corner is a rare opportunity in an increasingly supply constrained marketplace. Existing vacancy creates an immediate value-add opportunity through leasing, repositioning, or owner-user occupancy. The buildings are fully sprinklered and supported by public water and sewer, with select gas service. Commercial Neighborhood (CN) zoning with HomeTown (HT) Overlay permits a broad range of commercial uses, providing flexibility for future leasing or adaptive reuse. Contact listing broker for more information available upon signing a confidentiality agreement.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Hockessin Corner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

246

LAND DETAILS

LAND ACRES

6.13 AC

LAND SF

267,023 SF

ZONING

CN HT

APN/PARCEL ID

08-007.40-064

ASK ABOUT THIS PROPERTY

Paul PantanoPantano Real EstateMore Info
302-354-0792

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Paul PantanoPantano Real EstateMore Info
302-354-0792

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.