503 South Maryland Avenue Wilmington, DE 19804

Listing agency DSM Commercial Show Phone

Listed by Gordon Winegar · License #DE#0022228

Source Crexi

Added: Apr 11 Updated: Jul 21 at 9:45PM Checked: Jul 21 at 9:45PM

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Investment Insights

Based on property information with market context.

This mixed-use property includes three apartments and two retail units. The three apartments were recently renovated and consist of one 2-bed unit and two 3-bed units. The two retail units are located on the first floor and each provides street-level access.

Located at 503 South Maryland Avenue in Wilmington, Delaware, the building’s ground-floor retail layout can support current retail use while also offering flexibility. Public remarks note a possible conversion of the first floor to three studio units, depending on approvals and tenanting requirements.

Overall, the combination of renovated residential units and street-access retail space provides a straightforward configuration for an investor or owner-operator seeking rental income with additional first-floor flexibility.

Key Highlights

• Mixed‑use building with 3 apartments and 2 first‑floor retail units
• Three apartments recently renovated: 1 two‑bedroom and 2 three‑bedroom units
• Two retail units on the first floor with street‑level access

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FAQs

What type of property is this?

Retail space - Mixed-use building with renovated apartments and two first-floor retail units with street-level access.

Where is this retail space located?

The property is located at 503 South Maryland Avenue Wilmington, DE.

What are key features of this property?

This property features: Mixed‑use building with 3 apartments and 2 first‑floor retail units; Three apartments recently renovated: 1 two‑bedroom and 2 three‑bedroom units; Two retail units on the first floor with street‑level access