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    19 Commerce St Smyrna, DE 19977

    For Sale
    $475,000

    Historic District eatery, 4,913 SF, patio.

    Property size:
    4,913 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional restaurant property, located at 19-21 W Commerce Street in Smyrna, Delaware, presents a unique investment opportunity. The 4,913 square foot building boasts a charming enclosed patio area adding approximately 1,500 square feet of outdoor space, perfect for expanding seating capacity or creating a unique ambiance. Situated in the heart of Smyrna's historic district, this property benefits from high visibility and foot traffic. The building itself is a historic structure, adding to its character and appeal. Ample free municipal parking is conveniently located directly across Commerce Street, ensuring easy access for patrons. The asking price is $475,000. A limited amount of existing equipment may be available with the purchase. This prime location in the fastest-growing area of Smyrna also presents the possibility of accessing available grants, further enhancing the investment potential. The property is zoned for restaurant use and offers significant potential for a variety of culinary concepts. This is a rare chance to acquire a well-situated, established restaurant space in a thriving Delaware community. The property's size and location make it an ideal opportunity for both established restaurateurs and new entrepreneurs.

    Property Features for 19 Commerce St

    General Information

    Property type
    Restaurants
    Square Feet
    4,913 SF

    HighLights

    • Prime location in Smyrna, DE's historic district on West Commerce Street.
    • Charming enclosed patio adding approx. 1,500 sq ft.
    • Ample free municipal parking directly across the street.
    • Historic building in Smyrna's historic district.
    • Potential for grants in Smyrna's fastest‑growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Smyrna
    County
    Kent
    State
    Delaware
    Longitude
    -75.606828
    Latitude
    39.300291

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    FAQs

    What type of property is this?
    Restaurant - Historic District eatery, 4,913 SF, patio.
    Where is this restaurant located?
    The property is located at 19 Commerce St Smyrna, DE.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Prime location in Smyrna, DE's historic district on West Commerce Street.; Charming enclosed patio adding approx. 1,500 sq ft.; Ample free municipal parking directly across the street.
    Request Owner's contact information
    19 Commerce St Smyrna, DE 19977
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    Smyrna, DE 19977
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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
    19 Commerce St Smyrna, DE 19977
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