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    107 9Th St Wilmington, DE 19801

    Sponsored
    For Sale
    $225,000

    Prime 1,080 SF Retail/Office Space

    Property size:
    1,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,080-square-foot ground-level commercial property is ideally situated in Wilmington's central business district, just off Market Street. Currently in vanilla shell condition, this versatile space offers significant potential for a variety of uses, including retail and executive office. The property boasts two convenient access points on West 9th Street, providing excellent street visibility and accessibility. A single bathroom is included. The location is highly desirable, surrounded by newly constructed luxury apartments and directly across from a large apartment complex, ensuring a robust customer base and high foot traffic. The 0.03-acre lot is zoned 26C-4 - Central Office (City of Wilmington), allowing for flexibility in tenant occupancy. This presents a unique opportunity to acquire a well-located commercial property in a thriving urban environment. The asking price is $225,000. The property's proximity to major city attractions further enhances its appeal and investment potential. This is a rare chance to own a piece of Wilmington's vibrant downtown core.

    Property Features for 107 9Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,080 SF
    Lot Size
    1,307 SF

    HighLights

    • Vanilla shell condition.
    • One bathroom.
    • Two street access points on 9th Street.
    • Excellent location near major city attractions.
    • Surrounded by new luxury apartments.
    • Across the street from a large apartment complex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -75.549137
    Latitude
    39.745149

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    FAQs

    What type of property is this?
    Office Property / Space - Prime 1,080 SF Retail/Office Space
    Where is this office property / space located?
    The property is located at 107 9Th St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Vanilla shell condition.; One bathroom.; Two street access points on 9th Street.
    Request Owner's contact information
    107 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
    107 9Th St Wilmington, DE 19801
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