2904 Market St Wilmington, DE 19802
- Mixed-use properties
- 1,750 SF
- 0.05 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 2904 Market St
- Year built
- 1906
- Lot size
- 0.05 lot acres
- Property size
- 1,750 SF
- Property type
- Mixed-use properties
Description
This exceptional investment opportunity encompasses two adjacent buildings at 2904-2906 N Market Street in Wilmington, Delaware, totaling 1,750 square feet on a 0.05-acre lot. The property consists of two parcels (26-022.20-440 & 26-022.20-439) and presents a unique blend of commercial and residential spaces. Building one features a ground-floor liquor store with an active license, offering a potentially exclusive market position within a half-mile radius, and a three-bedroom, one-bathroom apartment above. Building two includes an unfinished commercial space, an efficiency apartment, and a three-bedroom, one-bathroom apartment, all requiring substantial rehabilitation. The combined properties offer diverse rental income streams and significant value-add potential for a discerning investor. Situated in a thriving urban area experiencing ongoing development, this property represents a rare chance to capitalize on Wilmington's growth trajectory. The asking price is $899,900. This is a turnkey opportunity to acquire a substantial piece of Wilmington's real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.53273
- Latitude
- 39.75566
