MLS#DENC2104840
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLCHRISTINA
Property Description
825 N. Market Street | Wilmington, DE 19801 - Exceptional mixed-use building and investment opportunity in the heart of Downtown Wilmington’s thriving business and entertainment district. This commercially zoned property is comprised of residential and commercial units as follows: Six total units: one street-level commercial space currently leased to a restaurant and five upper-floor apartments comprised of one 2BR unit, three 1BR units, and one studio apartment. Positioned directly across from the landmark Grand Opera House and surrounded by many popular restaurants, offices, hotels, new residential development, and year-round entertainment, 825 N. Market Street offers prime visibility and strong tenant appeal on one of the city’s most desirable blocks in the heart of the Downtown Wilmington business and entertainment center and "Development District.". The ground-floor commercial space includes approximately 938 SF with a lease in place through 2028, while the residential units provide stable income with high occupancy. Potential exists for value-add rental increases. Each unit benefits from individually allocated HVAC and water heaters, and tenants pay all utilities except cold water and sewer. Located within the city’s Development District and a federally designated "Opportunity Zone." Located two blocks from Rodney Square, the landmark world-famous Hotel DuPont and the new Widener Law School and education center (Former MBNA Bank building complex) and walking distance to the popular Wilmington Riverfront. This asset may also offer improvement incentive potential, subject to approval. Contact listing agent for lease schedules and operating income and expenses.
Property Features
Property Type: Commercial -
Cooling: Multi Units, Central A/C
Fuel Type: Electric
Heating: Forced Air, Heat Pump - Electric BackUp
Lot Size: 0.03 Acres
Taxes: $8,516
Year Built: 1920
Feature Descriptions
Accessibility: 32"+ wide Doors
Days on Site: 2
Exterior: Brick
Lot Dimensions: 0.03 Acre(S)
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Water: Public
Local Schools
Middle School: BAYARD
School District: CHRISTINA
Listed By / Shown By
Listed By
Agency Name: Tesla Realty Group, LLC
Agency Phone: 8448375274
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
825 N Market Street | MLS# DENC2104840
This commercial property located at 825 N Market Street, Wilmington, DE 19801 is currently listed for sale with an asking price of $895,000. N Market Street is located within the CHRISTINA school district. Search Wilmington real estate on www.realtymark.net today.