Live-Work Retail and
For Sale
$395,000
90 Clinton St, Delaware City, DE 19706
Mixed-use property with ground-level retail space and a two-level, three-bedroom, two-bath apartment.
Property Size1,925 SF
Price / SF$205.19
Days on Market143
Property Features for 90 Clinton St
General Information
Standard status
Active
Size
1,925 SF
Building Details
Year Built
1900
Listing Agency:
Northrop Realty
Listed By:
Noah Crofton Bates
(302) 563-1877
Source:
Premierehomegroup
Added: Jun 1
Changed: Oct 3
Last Checked: Oct 7 at 1:07PM
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 Northrop Realty
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Investment Insights
Based on property information with market context.
This mixed-use live-work property includes a ground-level retail or commercial space with street-level presence and two upper residential levels. The apartment layout provides three bedrooms and two full baths, with one bedroom and a full bath on the main living level along with kitchen and an open-concept living and dining area. The upper level adds two additional bedrooms and another full bath.
Located in Delaware City’s Merchant’s Row shopping district, the commercial space is positioned for visibility within the area’s established retail and restaurant corridor. The property is offered for sale in a waterfront community.
The configuration supports multiple end uses, including operating a business on the ground level while occupying the residence above.
Located in Delaware City’s Merchant’s Row shopping district, the commercial space is positioned for visibility within the area’s established retail and restaurant corridor. The property is offered for sale in a waterfront community.
The configuration supports multiple end uses, including operating a business on the ground level while occupying the residence above.
Key Highlights
- Mixed‑use property in Delaware City’s Merchant’s Row shopping district with ground‑level retail/commercial and a two‑level apartment above.
- Residential unit features 3 bedrooms and 2 full bathrooms, spanning two upper levels.
- Main living level includes kitchen, 1 bedroom, 1 full bath, plus a large open‑concept living and dining area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,220
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,400
$524.4K
Cap Rate 7%
$374,571
$374.6K
Cap Rate 9%
$291,333
$291.3K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$43.4K $22.56/SF
− Vacancy
−$8.5K −$4.40/SF
EGI
$35.0K $18.16/SF
− OpEx
−$8.7K −$4.54/SF
NOI
$26.2K $13.62/SF
Area
New Castle County, DE
Vacancy
19.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,400
Cap Rate 7%
$374,571
Cap Rate 9%
$291,333
Alternative Uses
Best Use
Office B
$374.6K
$327.8K – $437.0K
NOI $26,220 @ 7.0% cap · market cap 6.64%
Second Best
Mixed Use
$280.3K
$245.2K – $327.0K
NOI $19,618 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$460.4K
$402.9K – $537.2K
NOI $32,231 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
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Business Placement
Demographics for 19706, DE
1,938
Population
774
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
2.5 sq mi
ZIP Area
775
Density / Sq Mi
$77,143
Median Household Income
$48,929
Median Earnings
$1,420
Median Rent
$244,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - Mixed-use property with ground-level retail space and a two-level, three-bedroom, two-bath apartment.
Where is this live-work space located?
The property is located at 90 Clinton St Delaware City, 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: Mixed‑use property in Delaware City’s Merchant’s Row shopping district with ground‑level retail/commercial and a two‑level apartment above.; Residential unit features 3 bedrooms and 2 full bathrooms, spanning two upper levels.; Main living level includes kitchen, 1 bedroom, 1 full bath, plus a large open‑concept living and dining area.
