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    2904 Market St Wilmington, DE 19802

    Sponsored
    For Sale
    $899,900

    Prime location, high-potential duplex, liquor license included.

    Property size:
    1,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity encompasses two adjacent buildings at 2904-2906 N Market Street in Wilmington, Delaware, totaling 1,750 square feet on a 0.05-acre lot. The property consists of two parcels (26-022.20-440 & 26-022.20-439) and presents a unique blend of commercial and residential spaces. Building one features a ground-floor liquor store with an active license, offering a potentially exclusive market position within a half-mile radius, and a three-bedroom, one-bathroom apartment above. Building two includes an unfinished commercial space, an efficiency apartment, and a three-bedroom, one-bathroom apartment, all requiring substantial rehabilitation. The combined properties offer diverse rental income streams and significant value-add potential for a discerning investor. Situated in a thriving urban area experiencing ongoing development, this property represents a rare chance to capitalize on Wilmington's growth trajectory. The asking price is $899,900. This is a turnkey opportunity to acquire a substantial piece of Wilmington's real estate market.

    Property Features for 2904 Market St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,750 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1906
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm 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
    -75.53273
    Latitude
    39.75566

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, high-potential duplex, liquor license included.
    Where is this mixed-use property located?
    The property is located at 2904 Market St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $899,900.
    (484) 800-1777
    Request Owner's contact information
    2904 Market St Wilmington, DE 19802
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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
    2904 Market St Wilmington, DE 19802
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