Downtown Parking Lot with Redevelopment
For Sale
Contact for pricing
1206 N Market St, Wilmington, DE 19801
A +/-0.60-acre downtown parking lot with zoning 26C-4 supporting a range of commercial and mixed-use development.
Property SizeContact for details
Lot Size0.60 Acres
Days on Market57
Property Features for 1206 N Market St
General Information
Standard status
Active
Lot size
0.60 Acres
Property subtype
LAND
Zoning
26C-4
Additional Details
Highway Access
Yes
Listing Agency:
LMT Commercial Realty / CORFAC International
(302) 383-1911
Listed By:
Chris Moore
(302) 383-1911
Source:
Moodyscre
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 31 at 2:00AM
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
Investment Insights
Based on property information with market context.
This +/-0.60-acre parking lot is located in Downtown Wilmington along 12th Street between King Street and Market Street, offering a dedicated off-street parking configuration. The property is positioned for operators looking for downtown parking supply and also for future development under its current zoning.
Zoned 26C-4 Commercial, the site allows a wide range of downtown uses, including retail, restaurant, office, hospitality, entertainment, and mixed-use development with residential above commercial. The property is described as being within walking distance of major office buildings, government offices, restaurants, and residential developments, and it provides convenient access to I-95 for regional commuters and visitors.
For sale as a parking-lot asset in a high-demand downtown corridor, this site may also be suitable for those evaluating redevelopment plans consistent with the 26C-4 zoning framework.
Zoned 26C-4 Commercial, the site allows a wide range of downtown uses, including retail, restaurant, office, hospitality, entertainment, and mixed-use development with residential above commercial. The property is described as being within walking distance of major office buildings, government offices, restaurants, and residential developments, and it provides convenient access to I-95 for regional commuters and visitors.
For sale as a parking-lot asset in a high-demand downtown corridor, this site may also be suitable for those evaluating redevelopment plans consistent with the 26C-4 zoning framework.
Key Highlights
- +/-0.60‑acre parking lot in Downtown Wilmington on 12th Street between King St and Market St
- Zoned 26C‑4 Commercial, supporting a range of downtown uses including retail, restaurant, office, hospitality, entertainment, and mixed‑use with residential above commercial
- Located within walking distance of major office buildings, government offices, restaurants, and residential developments
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,510
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19801, DE
16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - A +/-0.60-acre downtown parking lot with zoning 26C-4 supporting a range of commercial and mixed-use development.
Where is this parking lot & garage located?
The property is located at 1206 N Market St Wilmington, DE.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: +/-0.60‑acre parking lot in Downtown Wilmington on 12th Street between King St and Market St; Zoned 26C‑4 Commercial, supporting a range of downtown uses including retail, restaurant, office, hospitality, entertainment, and mixed‑use with residential above commercial; Located within walking distance of major office buildings, government offices, restaurants, and residential developments
