Mixed-Use Property with Liquor
For Sale
Contact for pricing
2300 N Market St, Wilmington, DE 19802
Mixed-use property featuring a liquor store and residential unit.
Property Size2,178 SF
Price / SF$206.61
Days on Market197
Property Features for 2300 N Market St
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Retail, Multifamily, Special Purpose
Zoning
26R-3 & 26C-1
Building Details
Year Built
1973
Tenancy
Multi
Listing Agency:
Crown Homes Real Estate
Listed By:
Mike Mulski · License #RS-0040131
Source:
Crexi
Added: Apr 24
Changed: Oct 26
Last Checked: Nov 4 at 1:48PM
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 Crown Homes Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use commercial property features a street-level commercial space occupied by a long-established liquor store and a spacious residential unit above. The liquor store is a recognized local brand with consistent historical performance, averaging approximately $400,000–$500,000 in annual gross revenues from 2017 through 2024. The sale includes a liquor license. The upper-level residential unit has 4 bedrooms. The configuration supports live-work use, partial owner occupancy, or full investment operation. The property is located along North Market Street, a well-traveled corridor with visibility and access to downtown Wilmington, surrounding residential neighborhoods, and major employment centers. The property benefits from steady traffic counts and neighborhood demand. It is suitable for investors seeking durable cash flow or operators looking to own both the business and real estate. The location has a bike score of 50, indicating it is bikeable, a walk score of 69, indicating it is somewhat walkable, and a transit score of 45, indicating some transit options are available.
Key Highlights
- Operating liquor store with established local brand and transferable liquor license included.
- Mixed‑use property offers flexible ownership strategies with both commercial and residential income.
- Prime Wilmington location on North Market Street with strong visibility and high traffic.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,962
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,240
$559.2K
Cap Rate 7%
$399,457
$399.5K
Cap Rate 9%
$310,689
$310.7K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$39.2K $18.00/SF
− Vacancy
−$1.9K −$0.88/SF
EGI
$37.3K $17.12/SF
− OpEx
−$9.3K −$4.28/SF
NOI
$28.0K $12.84/SF
Area
New Castle County, DE
Vacancy
4.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,240
Cap Rate 7%
$399,457
Cap Rate 9%
$310,689
Alternative Uses
Best Use
Specialty Retail
$399.5K
$349.5K – $466.0K
NOI $27,962 @ 7.0% cap · market cap 6.21%
Second Best
Mixed Use
$317.1K
$277.5K – $369.9K
NOI $22,196 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$521.0K
$455.8K – $607.8K
NOI $36,467 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
Check the figures for this property
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring a liquor store and residential unit.
Where is this mixed-use property located?
The property is located at 2300 N Market St Wilmington, DE.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Operating liquor store with established local brand and transferable liquor license included.; Mixed‑use property offers flexible ownership strategies with both commercial and residential income.; Prime Wilmington location on North Market Street with strong visibility and high traffic.**
