721 N King St Wilmington, DE
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Established cafe with expansion potential in Wilmington's downtown area.
Type:RETAIL
Property size:
1,476 SFLot size:
0.04 AcresPrice / SF:
$267/SF- Added:
- Oct 13, 2023
- Days on Market:
- 923
- Last Refresh:
- Apr 5 at 11:00 pm
Property Features for 721 N King St
General Information
- Standard status
- Active
- Size
- 1,476 SF
- Lot size
- 0.04 Acres
- Property subtype
- RETAIL
Listing agent Joe Latina (302) 530-1233
Listing office LMT Commercial Realty / CORFAC International (302) 530-1233
Listing date Oct 13, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of LMT Commercial Realty / CORFAC International
Overview
Downtown Wilmington Restaurant Opportunity
Located in downtown Wilmington, this restaurant, known as Terra Cafe, occupies 1,476 square feet. It currently operates as a sit-down lunch spot, open Monday through Thursday from 11:00 AM to 2:00 PM. The business primarily caters to nearby law firms, banks, and other businesses, with most customers walking to dine in or pick up their orders. Street parking is available. The kitchen is fully equipped for various cooking tasks, and the restaurant has 32 seats at tables. The restaurant does not have a bar and does not sell alcoholic beverages. There are a number of restaurants serving all cultures, cuisines, to satisfy the customers in the area. The restaurant currently operates with limited hours, serving only lunch during the week. There is potential for a new owner to expand operations by offering breakfast and an early dinner service. There is also the possibility of applying to serve alcoholic beverages. The sellers are willing to assist the new buyer for two weeks following the settlement.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar Places Nearby
- Akwaaba Eats — 900 Washington St, Wilmington, DE 19801
- Underground Food Lab 302 — 123 that st, wilmington, de 19805
Map
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5488
- Latitude
- 39.743
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Established cafe with expansion potential in Wilmington's downtown area.
Where is this restaurant located?
The property is located at 721 N King St Wilmington, DE.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully equipped kitchen ready for immediate use; Established lunch catering business with downtown clientele; Opportunity to expand business hours to include breakfast and dinner
