Bar and Package Store
1300 N Claymont Street Wilmington, DE 19802
1300 N Claymont Street, Wilmington, DE, 19802
$899,900
For Sale
$899,900
Established bar and package store building with transferable Delaware Off/On Tap liquor license and parking lots on additional city lots.
Property Size3,485 SF
Price / SF$258.22
Days on Market18
Property Features for 1300 N Claymont Street
General Information
- Standard status
- Active
- Size
- 3,485 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing Agency
(302) 593-9434
Listed by
United Real Estate
(302) 593-9434
Source
Xome
Added: Jun 30 Checked: Jul 4 at 3:22 am
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 United Real Estate
Investment Insights
Based on property information with market context.
The sale includes an established bar and the associated commercial building, along with an adjacent package store and a transferable Delaware Off/On Tap liquor license. The property has operated as Leroy’s Lounge since 1972 and is offered for sale As-Is. The first floor features a spacious oval bar, the package store, storage areas, and restrooms. The upper level provides additional space that is ready for renovation or expansion to match a new operating plan.
The package store and parking components are supported by approximately nine additional city lots that are currently utilized for parking. The offering also includes the opportunity to incorporate the included liquor license into continued operations or a new concept, subject to buyer diligence.
This property can fit buyers looking to continue the existing bar and package store use or to reposition the upper level for additional venue or service space, while maintaining the existing operating footprint. Because the property is sold As-Is, prospective buyers should complete all due diligence regarding zoning, permitted uses, and any licensing requirements for their intended business. Inventory may be available separately, and the listing agent can provide additional details and arrange a private tour.
The package store and parking components are supported by approximately nine additional city lots that are currently utilized for parking. The offering also includes the opportunity to incorporate the included liquor license into continued operations or a new concept, subject to buyer diligence.
This property can fit buyers looking to continue the existing bar and package store use or to reposition the upper level for additional venue or service space, while maintaining the existing operating footprint. Because the property is sold As-Is, prospective buyers should complete all due diligence regarding zoning, permitted uses, and any licensing requirements for their intended business. Inventory may be available separately, and the listing agent can provide additional details and arrange a private tour.
Key Highlights
- Operating since 1972: established Wilmington bar and package store building, sold As‑Is
- Transferable Delaware Off/On Tap liquor license included with the sale
- Corner lot with parking: lot dimensions 37.00 x 96.00 plus additional city lots for parking
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.7k | $18.00 |
| − Vacancy | −$3.1k | −$0.88 |
| EGI | $59.7k | $17.12 |
| − OpEx | −$14.9k | −$4.28 |
| NOI | $44.7k | $12.84 |
3,485 SF · lease $18.00/SF/yr · vacancy 4.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$639.2K
$559.3K – $745.7K
NOI $44,742 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$482.0K
$421.7K – $562.3K
NOI $33,738 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$833.6K
$729.4K – $972.5K
NOI $58,351 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Leroy’s Lounge: LCD ...
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Sweet Daddy's Bar And Grill — 3806 Governor Printz Blvd, Wilmington, DE 19802
- Leroy’s Lounge: LCD Liquors Inc — 1300 N Claymont St, Wilmington, DE 19802
FAQs
What type of property is this?
Bar & Pub - Established bar and package store building with transferable Delaware Off/On Tap liquor license and parking lots on additional city lots.
Where is this bar & pub located?
The property is located at 1300 N Claymont Street Wilmington, DE.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Operating since 1972: established Wilmington bar and package store building, sold As‑Is; Transferable Delaware Off/On Tap liquor license included with the sale; Corner lot with parking: lot dimensions 37.00 x 96.00 plus additional city lots for parking
