825 N Market Street, Wilmington, DE 19801

USD 895,000

For Sale MLS: DENC2104840

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Property Details

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.? New roof and restaurant exhaust hood / stack installed in 2021. 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 DETAILS: Square Feet: 4500

INTERIOR FEATURES: • Cooling: Central Air, Electric, Multi Units • Heating: Electric Heating, Heat Pump, Forced Air • Plumbing: Electric Water Heater • Accessibility: Doors, Accessible Doors

EXTERIOR FEATURES: • Parking: On Street, Garage, Off Site. • Exterior: Brick • Lot Dimensions: 19.50 x 60.00 • Zoning: 26C-3

LISTING AGENT: Agent: Yasmin Bowman | Office: Tesla Realty Group, LLC | Phone: 3026456661 | Email: [email protected]

LISTING INFORMATION: MLS#: DENC2104840 | Status: FOR SALE

Location

Address

825 N Market Street

City

Wilmington

Features and Finishes

Interior Features:

• Cooling: Central Air, Electric, Multi Units

• Heating: Electric Heating, Heat Pump, Forced Air

• Plumbing: Electric Water Heater

• Accessibility: Doors, Accessible Doors

Exterior Features:

• Parking: On Street, Garage, Off Site.

• Exterior: Brick

• Lot Dimensions: 19.50 x 60.00

• Zoning: 26C-3

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