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Two-Story Retail with Dual Tenants

401 Maryland Ave Wilmington, DE 19805

401 Maryland Ave, Wilmington, DE, 19805
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Two leased retail units totaling 1,967 +/- SF operate as a barber shop and hair salon.

Property Size1,967 SF
Price / SF$157.60
AddedJul 7
Days on Market9
Last RefreshJul 9 at 2:10 am

Property Features for 401 Maryland Ave

General Information

Standard status
Active
Size
1,967 SF
Property subtype
RETAIL

Listing office LMT Commercial Realty / CORFAC International

Listing date Jul 7, 2026

Source Moodyscre

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 LMT Commercial Realty / CORFAC International


Investment Insights

Based on property information with market context.

This two-story retail property at 401 Maryland Ave offers 1,967 +/- SF of space currently operating as a barber shop and hair salon. The first floor is occupied by a barber shop, while the second floor is occupied by a hair salon, with both retail units leased.

The building provides strong visibility along Maryland Avenue, with reported AADT of 13,833 +/- VPD. It is located just off Interstate 95, supporting convenient access and connectivity to surrounding areas, including nearby residential neighborhoods.

Key Highlights

  • Two retail units totaling 1,967 +/- SF, operating as a barber shop (1st floor) and hair salon (2nd floor)
  • Both retail units are currently leased
  • Strong visibility along Maryland Avenue with AADT 13,833 +/- VPD

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $29.5k $15.00
− Vacancy −$2.3k −$1.17
EGI $27.2k $13.83
− OpEx −$8.2k −$4.15
NOI $19.0k $9.68
1,967 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 30.00%

Alternative Uses

Best Use
Retail
$272.0K
$238.0K – $317.4K (±1% cap)
NOI $19,043 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.5K
$411.7K – $548.9K (±1% cap)
NOI $32,934 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Lucy Moda Barbershop ... Barber Shop A&H New Image Hair Salon Jaime style barber ... Barber Shop Jonlenis Dominican Beauty ... Hair Salon Beauty Spa Hair Salon

Suggested Use

Law Firm Real Estate Agency Dental Office Parking Lot & Garage Restaurant (Bike/Boat/Book/etc) Store Locksmith Bakery (Bike/Boat/Book/etc) Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Self Care Holistic — 14 S Union St, Wilmington, DE 19805
  • Wilmington Florist & Gift Services — 900 wilmington ave, wilmington, de 19805
  • Bloomsberry Flowers — 620 S Van Buren St, Wilmington, DE 19805

FAQs

What type of property is this?
Storefront property - Two leased retail units totaling 1,967 +/- SF operate as a barber shop and hair salon.
Where is this storefront property located?
The property is located at 401 Maryland Ave Wilmington, DE.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two retail units totaling 1,967 +/- SF, operating as a barber shop (1st floor) and hair salon (2nd floor); Both retail units are currently leased; Strong visibility along Maryland Avenue with AADT 13,833 +/- VPD
Contact an agent
(302) 530-1233 Call to check price and availability
More about this property
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