Mixed-Use 6-Unit with
For Sale
Contact for pricing
Pending
227 North Maryland Avenue Wilmington, Wilmington, DE 19804
6-unit apartment building with an attached retail unit currently occupied by a long-running Mexican restaurant.
Property SizeContact for details
Days on Market144
Property Features for 227 North Maryland Avenue Wilmington
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
6
Building Details
Tenancy
Multi
Listing Agency:
eXp Realty
Listed By:
Bob Comegys · License #DE 0020377
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Aug 29 at 11:03AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This property at 227 North Maryland Avenue is a mixed-use building featuring six apartment units and one retail unit. The retail space is occupied by Burrito Bandido, a Mexican restaurant noted in the remarks as operating for 18 years. The apartments are described as spacious and well-maintained.
According to the public remarks, the restaurant provides a stable, long-term tenant with a strong track record. The roof was replaced on 6/16/2923. The property also highlights easy access to public transportation and nearby amenities, including shopping centers and parks.
For investors and buyers seeking multiple income sources in a single asset, this configuration combines residential income with operating retail tenancy under the existing restaurant presence.
According to the public remarks, the restaurant provides a stable, long-term tenant with a strong track record. The roof was replaced on 6/16/2923. The property also highlights easy access to public transportation and nearby amenities, including shopping centers and parks.
For investors and buyers seeking multiple income sources in a single asset, this configuration combines residential income with operating retail tenancy under the existing restaurant presence.
Key Highlights
- 6‑unit apartment building with an attached retail unit currently occupied by Mexican restaurant Burrito Bandido
- Restaurant has been operating for 18 years and is the current retail tenant
- Roof was replaced 6/16/2023
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
494
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
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Frequently Asked Questions
What type of property is this?
Apartment building - 6-unit apartment building with an attached retail unit currently occupied by a long-running Mexican restaurant.
Where is this apartment building located?
The property is located at 227 North Maryland Avenue Wilmington Wilmington, DE.
What are key features of this property?
This property features: 6‑unit apartment building with an attached retail unit currently occupied by Mexican restaurant Burrito Bandido; Restaurant has been operating for 18 years and is the current retail tenant; Roof was replaced 6/16/2023
