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    621 Maryland Ave Wilmington, DE 19805

    For Sale
    $580,000

    Commercial Sale - WILMINGTON, DE

    Type:Retail
    Lot size:
    0.08 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 621 Maryland Ave

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking features
    On Street
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1940

    LONG AND FOSTER REALTORS (610) 892-8300 [email protected]

    Listing agent Christopher D Wharton (610) 544-1505 License #RS-0036678

    Listing date Sep 7, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Income Property For Sale

    Located in a high-traffic area of Wilmington, this mixed-use income property at 621 Maryland Ave is fully occupied. The first floor hosts a thriving restaurant with a long-term tenant, generating a monthly income of $2,800. The property also includes two 2-bedroom residential units on the upper level, currently rented for $950 and $925 per month respectively. This setup provides a reliable cash flow. Situated near major routes and redevelopment areas, the property is positioned for both consistent income and potential future growth. The 0.08-acre lot contains a property suitable for investment, offering established tenants and minimal vacancy risk.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.56575
    Latitude
    39.73814

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use property with a thriving restaurant and residential units.
    Where is this mixed-use property located?
    The property is located at 621 Maryland Ave Wilmington, DE.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: - Fully occupied mixed-use property with established tenants.; - Generates $2,800/month from a long-term restaurant tenant.; - Includes two 2-bedroom residential units rented at $950 and $925/month.
    (610) 544-1505
    Request Owner's contact information
    621 Maryland Ave Wilmington, DE 19805
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    Wilmington, DE 19805
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    621 Maryland Ave Wilmington, DE 19805
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