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    2020 N Market St Wilmington, DE 19802

    For Sale
    $800,000

    Storefronts and duplex for redevelopment or income generation.

    Building Details

    Year built
    1920

    Source: RE/MAX Point Realty Agent Christopher Lougheed

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

    Overview

    Storefronts and Duplex Redevelopment Opportunity

    This property presents a redevelopment opportunity or potential for income generation. It comprises multiple storefronts and a duplex, situated at 2012, 2014 & 2020 N. Market and 1937 Hutton in Wilmington, DE.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Hooten's Florist

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5412548
    Latitude
    39.7519071

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    FAQs

    What type of property is this?
    Storefront property - Storefronts and duplex for redevelopment or income generation.
    Where is this storefront property located?
    The property is located at 2020 N Market St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Redevelopment opportunity awaits at this income generating property.; - Features multiple storefronts, offering diverse income streams.; - Includes a duplex, adding to the property's versatility.
    (302) 426-2211
    Request Owner's contact information
    2020 N Market St Wilmington, DE 19802
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    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
    2020 N Market St Wilmington, DE 19802
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