Art Deco Bank Building with
For Sale
Contact for pricing
2120 N MARKET STREET, Wilmington, DE 19802
For sale NNN art deco bank building sold as-is with 3 stories, basement, and original vault and mezzanine intact.
Property Size5,700 SF
Price / SF$0.00
Days on Market96
Property Features for 2120 N MARKET STREET
General Information
Standard status
Active
Size
5,700 SF
Property subtype
Commercial
Zoning
26C-1
Lease Type
NNN
Additional Details
Opportunity Zone
Yes
Fenced Yard
Yes
Amenities
original vault
mezzanine
timber-truss top floor
fenced on-site parking
Building Details
Year Built
1930
Stories
3
Listing Agency:
Tesla Realty Group, LLC
(844) 837-5274
Listed By:
Clarissa Howard · License #RS-0024232
(302) 213-4162
Source:
Cummingsrealtors
Added: Jul 25
Changed: Oct 27
Last Checked: Oct 28 at 8:07AM
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 Tesla Realty Group, LLC
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Investment Insights
Based on property information with market context.
Located at 2120 N Market Street in Wilmington, this art deco landmark bank building is being offered as-is and configured as a 3-story structure with a full basement. The property includes original elements such as the vault, mezzanine, and a timber-truss top floor, and consists of three parcels. On-site parking is fenced.
Zoned 26C-1, the building is designated as the City’s #1 DDD priority project and is described as eligible for a 20% construction rebate, a 5-year tax abatement, Opportunity Zone (OZ) benefits, and historic tax credits, as applicable to rehab-focused efforts. The offering is structured as an NNN property.
Zoned 26C-1, the building is designated as the City’s #1 DDD priority project and is described as eligible for a 20% construction rebate, a 5-year tax abatement, Opportunity Zone (OZ) benefits, and historic tax credits, as applicable to rehab-focused efforts. The offering is structured as an NNN property.
Key Highlights
- 5,700 SF art deco bank building with 3 stories plus full basement, sold/leased as‑is
- Original vault, mezzanine, and timber‑truss top floor intact
- Fenced on‑site parking and the property includes 3 parcels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,182
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,640
$1.1M
Cap Rate 7%
$788,314
$788.3K
Cap Rate 9%
$613,133
$613.1K
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$85.5K $15.00/SF
− Vacancy
−$6.7K −$1.17/SF
EGI
$78.8K $13.83/SF
− OpEx
−$23.6K −$4.15/SF
NOI
$55.2K $9.68/SF
Area
New Castle County, DE
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,640
Cap Rate 7%
$788,314
Cap Rate 9%
$613,133
Alternative Uses
Best Use
Specialty Retail
$1.05M
$914.7K – $1.22M
NOI $73,179 @ 7.0% cap · market cap 457,368.75%
Second Best
Retail
$788.3K
$689.8K – $919.7K
NOI $55,182 @ 7.0% cap · market cap 344,887.50%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,437 @ 7.0% cap · market cap 596,481.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
5,175
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Hotels & Casinos 27%
Electronics 14%
Dining 12%
Citgo
Shops & Services
4,995 visits/mo
0.4 miles
Residence Inn Wilmington Downtown
Hotels & Casinos
3,057 visits/mo
0.4 miles
Dollar General
Shops & Services
3,019 visits/mo
0.2 miles
Staybridge Suites Wilmington Downtown, an IHG Hotel
Hotels & Casinos
2,327 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,763 visits/mo
0.5 miles
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - For sale NNN art deco bank building sold as-is with 3 stories, basement, and original vault and mezzanine intact.
Where is this bank located?
The property is located at 2120 N MARKET STREET Wilmington, DE.
What are key features of this property?
This property features: 5,700 SF art deco bank building with 3 stories plus full basement, sold/leased as‑is; Original vault, mezzanine, and timber‑truss top floor intact; Fenced on‑site parking and the property includes 3 parcels
