Downtown Wilmington Restaurant Opportunity

721 N King St, Wilmington, DE

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For Sale

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Established cafe with expansion potential in Wilmington's downtown area.

Type:RETAIL

Property size:

1,476 SF

Lot size:

0.04 Acres

Price / SF:

$267/SF

HighLights

Fully equipped kitchen ready for immediate use
Established lunch catering business with downtown clientele
Opportunity to expand business hours to include breakfast and dinner
Potential to increase revenue by obtaining a license to serve alcoholic beverages
Located in a high‑traffic downtown area with other restaurants
Seller willing to provide two weeks of training after the sale

We can help!

Listing Contact

Joe Latina

For Sale

Contact for pricing

Established cafe with expansion potential in Wilmington's downtown area.

Type:RETAIL

Property size:

1,476 SF

Lot size:

0.04 Acres

Price / SF:

$267/SF

Added:: Oct 13, 2023
Days on Market:: 971
Last Refresh:: May 19 at 8:53 pm

Property Features for 721 N King St

General Information

Standard status: Active
Size: 1,476 SF
Lot size: 0.04 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Joe Latina

Listing agent Joe Latina

Listing office LMT Commercial Realty / CORFAC International

Listing date Oct 13, 2023

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

HighLights

Fully equipped kitchen ready for immediate use
Established lunch catering business with downtown clientele
Opportunity to expand business hours to include breakfast and dinner
Potential to increase revenue by obtaining a license to serve alcoholic beverages
Located in a high‑traffic downtown area with other restaurants
Seller willing to provide two weeks of training after the sale

Overview

Located in downtown Wilmington, this restaurant, known as Terra Cafe, occupies 1,476 square feet. It currently operates as a sit-down lunch spot, open Monday through Thursday from 11:00 AM to 2:00 PM. The business primarily caters to nearby law firms, banks, and other businesses, with most customers walking to dine in or pick up their orders. Street parking is available. The kitchen is fully equipped for various cooking tasks, and the restaurant has 32 seats at tables. The restaurant does not have a bar and does not sell alcoholic beverages. There are a number of restaurants serving all cultures, cuisines, to satisfy the customers in the area. The restaurant currently operates with limited hours, serving only lunch during the week. There is potential for a new owner to expand operations by offering breakfast and an early dinner service. There is also the possibility of applying to serve alcoholic beverages. The sellers are willing to assist the new buyer for two weeks following the settlement.

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Map

City: Wilmington
County: New Castle
State: Delaware
Longitude: -75.5488
Latitude: 39.743

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For sale
Restaurants
DE
Wilmington
721 N King St

What type of property is this?

Restaurant - Established cafe with expansion potential in Wilmington's downtown area.

Where is this restaurant located?

The property is located at 721 N King St Wilmington, DE.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: Fully equipped kitchen ready for immediate use; Established lunch catering business with downtown clientele; Opportunity to expand business hours to include breakfast and dinner

721 N King St, Wilmington, DE

Established cafe with expansion potential in Wilmington's downtown area.

Property Features for 721 N King St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Versatile Office Building with Parking

Wilmington Triplex: Investment Opportunity

Trinity Vicinity Triplex in Wilmington

Renovated Office Building in Wilmington

Detached Triplex with Garage

Mixed-Use Building in Central Business District

North Market Street Redevelopment Opportunity

Updated Duplex in Wilmington

Renovated Triplex with Updated Interiors

North Wilmington Commercial Opportunity

Corner Retail and Apartment Building

Wilmington Office and Warehouse Space

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