2038 Telegraph Rd

Highlights:

• 17,175 ± SF retail & flex building
• Asking Price: $1,750,000 (7.45% CAP)
• NOI: $126,657/year
• Fully leased
• Income-producing asset with stable tenancy
• Flexible layout suitable for multiple uses
• Ideal for investment or owner-user opportunity

Description:

2038 Telegraph Road presents a premier investment opportunity with a 17,175 ± SF retail and flex property in a strong Wilmington location. The property is currently fully leased, generating stable income with excellent tenant retention. Its flexible design allows for a variety of uses, making it equally attractive to both investors seeking reliable cash flow and owner-users looking for future occupancy potential. With a well-maintained structure, convenient access, and strong surrounding demographics, this property offers both immediate returns and long-term upside.


2038 Telegraph Road is ideally located just off Kirkwood Highway (DE-2) at the intersection of Telegraph Road, placing it at the heart of a well-established Wilmington community. The property is surrounded by dense residential neighborhoods that provide a strong built-in customer base and steady traffic for retail and service-oriented businesses. In addition to its neighborhood setting, the site offers quick access to the shopping, dining, and daily conveniences along Kirkwood Highway, one of New Castle County’s most active commercial corridors. This combination of strong local demographics, neighborhood integration, and proximity to Kirkwood Highway enhances both the stability and long-term appeal of the property.

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