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    1709 Delaware Ave Wilmington, DE 19806

    Sponsored
    For Lease
    $213 SF/Yr

    Thriving Wilmington restaurant, lease available.

    Lot size:
    3,936 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant opportunity is located at 1709 Delaware Avenue in Wilmington, Delaware, within the desirable Trolley Square neighborhood. The property boasts a prime location in the heart of the Forty Acres dining scene, known for its diverse culinary offerings and strong community of food enthusiasts. This single-tenant space offers 3,936 square feet on a 0.08-acre lot in New Castle County, zip code 19806. The current lease commenced in 2022 and extends until 2027, presenting a strong investment opportunity for a prospective tenant. Trolley Square's charming atmosphere and high foot traffic create an ideal environment for a successful restaurant operation. The property's strategic location within this vibrant and popular dining destination ensures significant visibility and accessibility to a large customer base. This is a rare chance to secure a well-established restaurant space in a thriving Wilmington community. The asking lease price is not included in this listing.

    Property Features for 1709 Delaware Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,936 SF

    Unit(s) available at that property

    Space
    Size
    3,936 SF
    Rate per SF
    $213

    HighLights

    • Restaurant for sale at $175,000.
    • Leasehold interest available; current lease runs from 2022 to 2027.
    • Includes all new furniture, fixtures, and state‑of‑the‑art kitchen equipment.
    • Seller financing may be available; seller will provide training after closing.
    • Contact Sean McNeice at 302‑753‑4175 for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Valoso Video Production Service Grain Craft Bar ... Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -75.562901691147
    Latitude
    39.758549386252

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    FAQs

    What type of property is this?
    Restaurant - Thriving Wilmington restaurant, lease available.
    Where is this restaurant located?
    The property is located at 1709 Delaware Ave Wilmington, DE.
    What is the lease rate?
    The lease rate is $213 SF/Yr.
    What are key features of this property?
    This property features: Restaurant for sale at $175,000.; Leasehold interest available; current lease runs from 2022 to 2027.; Includes all new furniture, fixtures, and state-of-the-art kitchen equipment.
    Request Owner's contact information
    1709 Delaware Ave Wilmington, DE 19806
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    Wilmington, DE 19806
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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
    1709 Delaware Ave Wilmington, DE 19806
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