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    111 9Th St Wilmington, DE 19801

    Sponsored
    For Sale
    $329,000

    Prime Location, Income Producing, 2,578 SF

    Property size:
    2,578 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a mixed-use property at 111 West 9th Street in Wilmington, Delaware's vibrant Central Business District. The property boasts a total of 2,578 square feet of net rentable space, currently configured as a ground-floor retail storefront and two upper floors ready for renovation. The asking price is $329,000. The building enjoys a high-visibility location, offering excellent exposure to pedestrian and vehicular traffic. Its strategic position directly across the street from "The Residence at Mid-Town Park," a luxury apartment complex, ensures a consistent flow of potential customers for the retail space and a strong tenant pool for future residential development. The current tenant occupies the ground floor storefront on a single tenancy agreement. The second and third floors offer significant potential for conversion into residential units, further enhancing the property's income-generating capabilities. This property is ideal for investors seeking a blend of immediate income and long-term appreciation potential in a thriving urban setting. The property's address is 111 W 9th St, Wilmington, DE 19801, situated in New Castle County.

    Property Features for 111 9Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,578 SF

    HighLights

    • Mixed‑use property at 111 W 9th St, Wilmington, DE 19801.
    • 2,578 square feet of net rentable area.
    • $329,000 asking price.
    • High‑visibility location in Wilmington's Central Business District, across from a luxury apartment complex.
    • Ground floor retail space with existing tenant; upper floors available for conversion to residential units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shoe Tech Shoe ... Shoe Repair Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5492431
    Latitude
    39.7451611

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    FAQs

    What type of property is this?
    Individual retail property - Prime Location, Income Producing, 2,578 SF
    Where is this individual retail property located?
    The property is located at 111 9Th St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: Mixed-use property at 111 W 9th St, Wilmington, DE 19801.; 2,578 square feet of net rentable area.; $329,000 asking price.
    Request Owner's contact information
    111 9Th St Wilmington, DE 19801
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    Wilmington, DE 19801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 9Th St Wilmington, DE 19801
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