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    721 N King St Wilmington, DE 19801

    For Sale
    $395,000

    Established cafe with expansion potential in Wilmington's downtown area.

    Property size:
    1,476 SF
    Lot size:
    0.04 Acres

    Property Features for 721 N King St

    General Information

    Size
    1,476 SF
    Lot size
    0.04 Acres

    Source: LMT Commercial Realty / CORFAC International Agent Joe Latina

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

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    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.

    Similar Places Nearby

    Akwaaba Eats, Underground Food Lab 302, Omelette King

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5488103
    Latitude
    39.7430042

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    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
    (302) 530-1233
    Request Owner's contact information
    721 N King St Wilmington, DE 19801
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    Wilmington, DE 19801
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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
    721 N King St Wilmington, DE 19801
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