Mixed-Use Property with
For Sale
$495,000
36 Clinton St, Delaware City, DE 19706
Two-level property combines a renovated apartment with visible storefront space for commercial use.
Property Size2,016 SF
Price / SF$245.54
Days on Market71
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Property Features for 36 Clinton St
General Information
Standard status
Active
Size
2,016 SF
Building Details
Year Built
2001
Buildings
1
Listing Agency:
Northrop Realty
Listed By:
Noah Crofton Bates
(302) 563-1877
Source:
Lgagne
Added: Aug 6
Changed: Oct 2
Last Checked: Oct 7 at 3:56PM
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 Northrop Realty
Investment Insights
Based on property information with market context.
This 2,016-square-foot mixed-use property, built in 2001, pairs an updated upper-level residence with ground-floor commercial space. The apartment includes two bedrooms, one bathroom, an open kitchen and living area, newer stainless steel appliances, an in-unit washer and dryer, and a renovated bathroom with a tiled walk-in shower. A private front balcony extends from the living room and provides water views over Merchant’s Row.
The lower storefront currently operates as a neighborhood art gallery and offers a visible setting for retail, office, gallery, or boutique business use. The property is located at 36 Clinton St in Delaware City’s Merchant’s Row shopping district, within a waterfront community along the Delaware River. Fort Delaware State Park and Fort Dupont State Park are accessible by short ferry rides, with boating, biking, hiking, festivals, and community events contributing to the surrounding setting.
The lower storefront currently operates as a neighborhood art gallery and offers a visible setting for retail, office, gallery, or boutique business use. The property is located at 36 Clinton St in Delaware City’s Merchant’s Row shopping district, within a waterfront community along the Delaware River. Fort Delaware State Park and Fort Dupont State Park are accessible by short ferry rides, with boating, biking, hiking, festivals, and community events contributing to the surrounding setting.
Key Highlights
- 2,016‑square‑foot mixed‑use property at 36 Clinton St, Delaware City, DE 19706
- Upper apartment includes 2 bedrooms and 1 bathroom
- Renovated residence with newer stainless steel appliances and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,459
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,180
$549.2K
Cap Rate 7%
$392,271
$392.3K
Cap Rate 9%
$305,100
$305.1K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$45.5K $22.56/SF
− Vacancy
−$8.9K −$4.40/SF
EGI
$36.6K $18.16/SF
− OpEx
−$9.2K −$4.54/SF
NOI
$27.5K $13.62/SF
Area
New Castle County, DE
Vacancy
19.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,180
Cap Rate 7%
$392,271
Cap Rate 9%
$305,100
Alternative Uses
Best Use
Office B
$392.3K
$343.2K – $457.7K
NOI $27,459 @ 7.0% cap · market cap 5.55%
Second Best
Mixed Use
$293.5K
$256.8K – $342.4K
NOI $20,545 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$482.2K
$421.9K – $562.6K
NOI $33,755 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
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Business Placement
Demographics for 19706, DE
1,938
Population
774
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
2.5 sq mi
ZIP Area
775
Density / Sq Mi
$77,143
Median Household Income
$48,929
Median Earnings
$1,420
Median Rent
$244,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines a renovated apartment with visible storefront space for commercial use.
Where is this mixed-use property located?
The property is located at 36 Clinton St Delaware City, DE.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,016‑square‑foot mixed‑use property at 36 Clinton St, Delaware City, DE 19706; Upper apartment includes 2 bedrooms and 1 bathroom; Renovated residence with newer stainless steel appliances and in‑unit washer and dryer
