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Three-Parcel Retail and Apartment Portfolio
For Sale
$499,900

16 Maryland Avenue S, Wilmington, DE 19804

Three CN-zoned retail/apartment properties with a parking lot fronting S Maryland Ave’s heavily traveled thoroughfare.

Property Size792 SF
Price / SF$631.19
Days on Market161

Property Features for 16 Maryland Avenue S

General Information

Standard status Active
Size 792 SF
Property subtype Mixed Use
Zoning CN

Building Details

Year Built 1960
Listing Agency: Patterson-Schwartz-Hockessin
Listed By: Kenneth DiAmbrosio · License #R30019673
Source: Xome
Added: Feb 27 Changed: Jul 10 Last Checked: Jun 15 at 5:11AM

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 Patterson-Schwartz-Hockessin

Investment Insights

Based on property information with market context.

This offering includes three commercially zoned CN retail/apartment properties located at 10, 12, and 16 S Maryland Ave, Wilmington, DE. The package includes on-site parking and encompasses a mix of structures that have been used for multiple purposes in the past, including office space, storage, apartments, and retail.

The properties are situated outside of the city limits along S Maryland Ave, described in the remarks as a heavily travelled thoroughfare. That placement supports day-to-day accessibility and tenant convenience, with parking provided on-site for customer and tenant use.

For buyers and operators, the combination of retail and apartment use within a single, three-parcel set can appeal to those seeking flexible occupancy options under CN zoning. With prior use history spanning office, storage, residential, and retail, the buildings may be suited to tenants looking for space that can be adapted to a variety of operational needs, subject to applicable zoning and approvals.

Key Highlights

  • Three commercially zoned (CN) retail/apartment properties: 10, 12, and 16 S Maryland Ave
  • Properties front S Maryland Ave on a heavily traveled thoroughfare
  • Parking lot included on‑site (private parking; lot parking)

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Skin Care Clinic Parking Lot & Garage Storage Facility

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

Location Intelligence

Trade Area within ½ mile

921
Businesses Nearby
39k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 50% Dining 41% Home Improvements & Furnishings 7% Electronics 2%
Dollar Tree Shops & Services
11,816 visits/mo 0.4 miles
Burger King Dining
9,817 visits/mo 0.3 miles
7-Eleven Shops & Services
6,934 visits/mo 0.2 miles
Dunkin' Donuts Dining
6,025 visits/mo 0.2 miles
Ferguson Home Improvements & Furnishings
2,604 visits/mo 0.5 miles

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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Three CN-zoned retail/apartment properties with a parking lot fronting S Maryland Ave’s heavily traveled thoroughfare.
Where is this retail space located?
The property is located at 16 Maryland Avenue S Wilmington, DE.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three commercially zoned (CN) retail/apartment properties: 10, 12, and 16 S Maryland Ave; Properties front S Maryland Ave on a heavily traveled thoroughfare; Parking lot included on‑site (private parking; lot parking)
More about this property
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