Glass-Front Retail
706 N MARKET STREET, Wilmington, DE 19801
For Sale
New
Contact for pricing
An open interior and street-facing glass doors support a range of retail and office layouts.
Property Size2,080 SF
Price / SF$1.66
Days on Market4
Property Features for 706 N MARKET STREET
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Long & Foster Real Estate, Inc.
(302) 351-5000
Listed By:
Buzz Moran · License #R3-0016411
(302) 740-6529
Source:
Cummingsrealtors
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:47PM
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 Long & Foster Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space at 704–706 Market Street has a broad, open interior and glass doors facing the street. The layout can accommodate retail, office use, or a combination of office and customer-facing retail. The building dates to 1920 and sits below a 45-unit apartment development.
Set in downtown Wilmington, the property is near parking garages and lots that serve employees, customers, and visitors.
Set in downtown Wilmington, the property is near parking garages and lots that serve employees, customers, and visitors.
Key Highlights
- Street‑facing glass doors along Market Street
- Open interior suited to retail, office, or combined uses
- Located below a 45‑unit apartment development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,136
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,720
$402.7K
Cap Rate 7%
$287,657
$287.7K
Cap Rate 9%
$223,733
$223.7K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$31.2K $15.00/SF
− Vacancy
−$2.4K −$1.17/SF
EGI
$28.8K $13.83/SF
− OpEx
−$8.6K −$4.15/SF
NOI
$20.1K $9.68/SF
Area
New Castle County, DE
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,720
Cap Rate 7%
$287,657
Cap Rate 9%
$223,733
Alternative Uses
Best Use
Retail
$287.7K
$251.7K – $335.6K
NOI $20,136 @ 7.0% cap · market cap 583.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.5K
$435.3K – $580.4K
NOI $34,826 @ 7.0% cap · market cap 1,009.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,565
Businesses Nearby
50k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 39%
Dining 33%
Shops & Services 22%
Electronics 4%
McDonald's
Dining
16,382 visits/mo
0.5 miles
BP
Shops & Services
6,940 visits/mo
0.5 miles
Sheraton Suites Wilmington Downtown
Hotels & Casinos
5,726 visits/mo
0.3 miles
Doubletree by Hilton Downtown Wilmington - Legal District
Hotels & Casinos
5,265 visits/mo
0.1 miles
Courtyard Wilmington Downtown
Hotels & Casinos
3,169 visits/mo
0.3 miles
Demographics for 19801, DE
16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value
Market
Properties on Market for Retail space in Wilmington
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An open interior and street-facing glass doors support a range of retail and office layouts.
Where is this retail space located?
The property is located at 706 N MARKET STREET Wilmington, DE.
What are key features of this property?
This property features: Street‑facing glass doors along Market Street; Open interior suited to retail, office, or combined uses; Located below a 45‑unit apartment development
