Retail and Apartment
For Sale
Contact for pricing
Pending
503 South Maryland Avenue, Wilmington, DE 19804
Mixed-use building with renovated apartments and two first-floor retail units with street-level access.
Property SizeContact for details
Days on Market134
Property Features for 503 South Maryland Avenue
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Multifamily Units
3
Listing Agency:
DSM Commercial
(302) 757-5353
Listed By:
Gordon Winegar · License #DE#0022228
Source:
Crexi
Added: Apr 11
Changed: Aug 16
Last Checked: Aug 20 at 8:43PM
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 DSM Commercial
Investment Insights
Based on property information with market context.
This mixed-use property includes three apartments and two retail units. The three apartments were recently renovated and consist of one 2-bed unit and two 3-bed units. The two retail units are located on the first floor and each provides street-level access.
Located at 503 South Maryland Avenue in Wilmington, Delaware, the building’s ground-floor retail layout can support current retail use while also offering flexibility. Public remarks note a possible conversion of the first floor to three studio units, depending on approvals and tenanting requirements.
Overall, the combination of renovated residential units and street-access retail space provides a straightforward configuration for an investor or owner-operator seeking rental income with additional first-floor flexibility.
Located at 503 South Maryland Avenue in Wilmington, Delaware, the building’s ground-floor retail layout can support current retail use while also offering flexibility. Public remarks note a possible conversion of the first floor to three studio units, depending on approvals and tenanting requirements.
Overall, the combination of renovated residential units and street-access retail space provides a straightforward configuration for an investor or owner-operator seeking rental income with additional first-floor flexibility.
Key Highlights
- Mixed‑use building with 3 apartments and 2 first‑floor retail units
- Three apartments recently renovated: 1 two‑bedroom and 2 three‑bedroom units
- Two retail units on the first floor with street‑level access
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
Explore this area
Business Placement
Demographics for 19804, DE
18,292
Population
8,075
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
89%
High-School Grad
7.2 sq mi
ZIP Area
2,541
Density / Sq Mi
$76,204
Median Household Income
$44,897
Median Earnings
$1,157
Median Rent
$244,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Mixed-use building with renovated apartments and two first-floor retail units with street-level access.
Where is this retail space located?
The property is located at 503 South Maryland Avenue Wilmington, DE.
What are key features of this property?
This property features: Mixed‑use building with 3 apartments and 2 first‑floor retail units; Three apartments recently renovated: 1 two‑bedroom and 2 three‑bedroom units; Two retail units on the first floor with street‑level access
