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4905 Mermaid Blvd
Wilmington, DE 19808

$5,200,000 USD

Health Club For Sale • 39,750 SF

Property Details

Property Type Health Club
Total Building Size 39,750 SF
Lot Size 2.6 AC
Building Class C
Year Built 1983
Cap Rate 7.70 %
Tenancy Multiple
Zoning CN

0 Transit Score

17 Walk Score

                
                    Highlights
                
                                7.7 Cap on Sale/Leaseback.  2nd nearby location also available.  
                            
                                Bordering 2 parks and a golf course.  43,400sqft on 2.6 acres.
                            
                                Within 5 miles to Gold-Beacom college, ILG airport, Delaware Park, University of Delaware, and Downtown Wilmington.

Property Flyers

Mermaid Blvd OM

Financial Summary (Actual)

Net Operating Income: $400,400 USD (2023)

Cap Rate:

7.70 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Churchmans Crossing (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	13 min	-	6.3 mi
Newark (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	17 min	-	8.7 mi
Airport	Drive	Walk	Distance
Philadelphia International	49 min	-	32.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	137
Type:	Surface
Included in Rent:	Yes

Jeff Spiegelman 302-241-0899 Commercial Moving Experience Real Estate

4905 Mermaid Blvd Wilmington, DE 19808