Emory Hill Facilitates Investment Property Sale on Philadelphia Pike

New Castle, DE [July 15, 2025] – NAI Emory Hill’s Lorraine Sheldon recently brokered the sale of an investment property located at 708 & 716 Philadelphia Pike in Wilmington, Delaware, representing both the buyer and the seller in the transaction. The property sold for close to the $900,000 asking price to Providence12, LLC who acquired the asset from Oak Lane, LLC. 

Totaling 10,275 square feet, the two-building, fully leased office and retail property offers excellent income potential with below-market rents and low maintenance requirements, making it a strategic addition to the new investor’s portfolio. The property features four new gas-fired HVAC units installed in 2023, a dock door, and ample off-street parking on busy Philadelphia Pike. 

Ideally located on the heavily trafficked Route 13, the site offers 170 feet of frontage and high visibility just minutes from I-95, I-495, and downtown Wilmington. Tenants benefit from the property’s walkable access to nearby shops and restaurants, adding to its long-term investment appeal.

“This property checks all the boxes for an investor-stable tenancy, value-add potential, and a high-visibility location,” said Sheldon. “Philadelphia Pike continues to be an active and resilient corridor for both retail and office users, and I’m proud that the seller was a referral from a local attorney, and my knowledge of North Wilmington helped bring another successful deal to the table.”

This sale adds to Sheldon’s strong track record along the Philadelphia Pike corridor, which includes the recent sales of 707 Philadelphia Pike and 1604 Philadelphia Pike. 

About NAI Emory Hill

NAI Emory Hill has been providing full-service commercial real estate support for businesses throughout the Mid-Atlantic and developing wealth-building strategies for investors since 1981. Today, the Emory Hill Companies continue to provide comprehensive real estate services to the Mid-Atlantic region including commercial brokerage, construction, property management, maintenance, and residential real estate services. In 1997, our brokerage services division aligned with NAI Global, the world’s largest managed network of real estate service providers. 

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com