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    704-706 N Market St Wilmington, DE 19804

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    For Sale
    $4,500,000

    42,706 sqft renovated building suitable for housing/hotel conversion.

    Property size:
    42,706 SF
    Lot size:
    0.29 Acres

    Property Features for 704-706 N Market St

    General Information

    Size
    42,706 SF
    Lot size
    0.29 Acres

    Source: LMT Commercial Realty / CORFAC International Agent Chris Moore

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Building in Central Business

    The 707 building offers approximately 42,706 square feet of recently renovated space. It is located in the Central Business District, surrounded by new and updated multifamily housing, restaurants, retail shops, and office spaces. Originally designed as a dormitory, the building is suited for student housing, apartment, or hotel conversion.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store 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
    -75.5493641
    Latitude
    39.7427669

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    FAQs

    What type of property is this?
    Apartment building - 42,706 sqft renovated building suitable for housing/hotel conversion.
    Where is this apartment building located?
    The property is located at 704-706 N Market St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Recently renovated space in the Central Business District; - Situated amidst multifamily housing, restaurants, retail shops, and office spaces; - Ideal for student housing, apartment, or hotel conversion
    (302) 383-1911
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    704-706 N Market St Wilmington, DE 19804
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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
    704-706 N Market St Wilmington, DE 19804
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