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    3 Cedar St Wilmington, DE 19805

    Sponsored
    For Sale
    $210,000

    1,650 sq ft, C-2 Zoned, Updated Industrial

    Property size:
    1,650 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This 1,650 square foot industrial property, located at 3 Cedar Street in Wilmington, Delaware's Browntown neighborhood, presents a compelling investment opportunity. Situated on a 0.06-acre lot and zoned C-2, this building offers versatile commercial use. Previously utilized as an auto repair shop, the property boasts 1,020 square feet of shop space, featuring a front and rear garage bay, and a 12-foot ceiling on the right side. The layout allows for potential multi-tenant occupancy, facilitated by a centrally located shared bathroom. Recent improvements under current ownership include a brand new roof, an upgraded electrical system, a concrete drive-in, new entry doors, and a new garage door. This translates to low maintenance and operating costs for the new owner. Its prime location offers easy access to major transportation arteries, including I-95 and Kirkwood Highway, as well as the convenience of proximity to downtown Wilmington. This property is ideal for owner-occupants or investors seeking a well-maintained, centrally located industrial space with significant upside potential. The property is priced at $210,000.

    Property Features for 3 Cedar St

    General Information

    Property type
    Industrial properties
    Square Feet
    1,650 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1976
    Property Profile Location Intelligence

    Current Use by Public Records

    Eric’s Auto Repair ... Tire Shop J's Custom Vinyls Custom T-Shirt Store Affordable Car Care Auto Repair Shop Cotto Auto Repair ... Auto Repair Shop

    Suggested Use

    Law Firm Restaurant 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
    -75.56888
    Latitude
    39.73656

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    FAQs

    What type of property is this?
    Industrial property - 1,650 sq ft, C-2 Zoned, Updated Industrial
    Where is this industrial property located?
    The property is located at 3 Cedar St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $210,000.
    (302) 888-2650
    Request Owner's contact information
    3 Cedar St 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
    3 Cedar St Wilmington, DE 19805
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