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Listed by Paul Pantano • Pantano Real Estate Inc
$3,900,000
Est. payment /mo
6.13 Acres Lot
Active
1220 OLD LANCASTER PIKE Hockessin, DE 19707
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID DENC2102436
Year Built 1965
Annual Tax Amount $55,307
Tax Year 2025
Lot Size 6.130 Acres
Acres 6.13
Lot Dimensions 166.60 x 356.40
Property Sub-Type Retail
Source BRIGHT
Property Description
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 4.8+- 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.
Strategically located within one of northern Delaware's most affluent and supply-constrained trade areas, Hockessin Corner draws from the high-income residential communities of Hockessin, Greenville, Kennett Square, Chadds Ford, and Avondale. The surrounding market is characterized by strong household incomes, high rates of owner occupancy, and long-term residential stability, supporting durable retail demand.
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 4.8+- 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.
Strategically located within one of northern Delaware's most affluent and supply-constrained trade areas, Hockessin Corner draws from the high-income residential communities of Hockessin, Greenville, Kennett Square, Chadds Ford, and Avondale. The surrounding market is characterized by strong household incomes, high rates of owner occupancy, and long-term residential stability, supporting durable retail demand.
Location
State DE
County New Castle
Area Hockssn/Greenvl/Centrvl (30902)
Zoning CN
Interior
Hot Water Other
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 240.0
Water Access N
Roof Type Architectural Shingle
Accessibility Other
Total Parking Spaces 240
Garage N
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 08-007.40-064
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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