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Retail For Sale - 1220 OLD LANCASTER PIKE, HOCKESSIN, DE 19707

1220 OLD LANCASTER PIKE, HOCKESSIN, 19707, DE
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Explore this Property

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.

MLS# DENC2102436
Pantano Real Estate Inc
ActiveUnderContract For Sale Commercial
$3,900,000
Retail
Retail
1965 Year built
149 days on market

Property Features

Roof
Architectural Shingle
Type
CRE
Acres
6.13
Style
Restaurant/Bar,Other,Professional
Cooling
Central A/C
Heating
Forced Air
Lot Size
166.60 x 356.40
Year Built
1965
Sub Type Text
Retail
Construction
Frame
Accessibility
Other
Lot Description
Level
Lot Size Area Units
Square Feet

Location

Directions: Route 48 (Lancaster Pike) to the heart of Hockessin, then left on Yorklyn Rd, then quick left on Old Lancaster Pike to subject on the left.

Market Area: Hockssn/Greenvl/Centrvl (30902)

Schools

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