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Renovated Office Building

1501 N Walnut Street, Wilmington, DE 19801

For Sale
$990,000
Pending

The two-story layout includes multiple office suites and separate men’s and women’s restrooms on each floor.

Property Size7,620 SF
Days on Market9

Property Features for 1501 N Walnut Street

General Information

Standard status Pending
Size 7,620 SF
Zoning 26W4

Additional Details

Condition Newly Renovated
Office Units 4
Property Use Office

Taxes and HOA fees

Annual Taxes $5,917

Amenities

Carpet,Vinyl,Wood
Yes
Electric,Natural Gas
2
No
Corner
Public
Double Entry
166.10 x 60.00
0.19
Estimated
On Street,Other,Parking Lot
Fenced,Paved Parking,Private
10
7620.00
232200.00
166
14

Building Details

Building Size 7,620 SF
Year Built 1918
Buildings 1
Stories 2
Construction masonry and brick
Tenancy Multi
Listing Agency: Keller Williams Realty Wilmington
Listed By: Shontay Sherie Weeks · License #RS0037336
Source: Chennaultrealestate
Added: Oct 30 Changed: Nov 6 Last Checked: Nov 6 at 6:42AM

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 Keller Williams Realty Wilmington

Rey
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Investment Insights

Based on property information with market context.

This 7,620-square-foot office building at 1501 N Walnut Street is constructed of masonry and brick and was built in 1918. The renovated, two-story property is configured for office use, with separate men’s and women’s restrooms on each floor. Interior areas include office space and rear space for storage or equipment.

The property occupies a 0.19-acre site in Wilmington, five blocks from Rodney Square and near the Brandywine River. Parking includes a private paved lot with 10 spaces, along with on-street parking.

Key Highlights

  • 7,620‑square‑foot office building on a 0.19‑acre site
  • Built in 1918; renovated
  • Two‑story masonry and brick construction

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Choice Media Recording Studio

Suggested Use

Top Pick Bakery Carpet & Flooring Store Locksmith Florist (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

6,432
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Office buildings in Wilmington

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - The two-story layout includes multiple office suites and separate men’s and women’s restrooms on each floor.
Where is this office building located?
The property is located at 1501 N Walnut Street Wilmington, DE.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 7,620‑square‑foot office building on a 0.19‑acre site; Built in 1918; renovated; Two‑story masonry and brick construction
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