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Mixed-Use Property with Apartments
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28 West Commerce St, Smyrna, DE 19977

Street-level commercial space is available for lease alongside four leased apartments.

Property SizeContact for details
Days on Market145

Property Features for 28 West Commerce St

General Information

Standard status Active
Property subtype Mixed Use

Units

Unit Mix 3 x 1BR, 1 x 3BR
Multifamily Units 4

Additional Details

Road Access Yes

Amenities

private parking lot

Building Details

Buildings 1
Listing Agency: The Commercial Moving Experience Real Estate
Listed By: Chuck Spiegelman · License #DE RA-0020123
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 10:56AM

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 The Commercial Moving Experience Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property combines four residential units with a street-level commercial component. The apartment mix includes three one-bedroom apartments and one three-bedroom apartment, all currently leased. The commercial space contains 1,650 square feet and is available for lease.

A private parking lot serves the property, with access from both West Commerce Street and Market Plaza. The building is located in downtown Smyrna, within the Center of Town, and provides access to surrounding areas throughout the state.

Key Highlights

  • Three one‑bedroom apartments and one three‑bedroom apartment
  • All four apartments are fully leased
  • 1,650 square foot street‑level commercial space available for lease

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage HVAC Service Storage Facility Cafe & Coffee Shop

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
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

760
Businesses Nearby

Demographics for 19977, DE

27,505
Population
9,899
Households
2.8
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
83.1 sq mi
ZIP Area
331
Density / Sq Mi
$78,803
Median Household Income
$48,246
Median Earnings
$1,366
Median Rent
$311,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level commercial space is available for lease alongside four leased apartments.
Where is this mixed-use property located?
The property is located at 28 West Commerce St Smyrna, DE.
What are key features of this property?
This property features: Three one‑bedroom apartments and one three‑bedroom apartment; All four apartments are fully leased; 1,650 square foot street‑level commercial space available for lease
More about this property
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