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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

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
More about this property
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