623-1/2 Heald St Wilmington, DE 19801
This meticulously maintained church building, located at 623-1/2 S Heald St, Wilmington, DE 19801, presents a unique investment opportunity. Situated in the historic Southbridge area and zoned 26R-3, this 2,236 square foot property offers a turnkey solution for religious organizations or similar special purpose uses. Built in 1910 and thoughtfully renovated in 2000, the building boasts a first-floor sanctuary with seating for 100, a choir loft, pulpit, and several smaller rooms including offices. A balcony provides additional seating for 40-50 people. The property's location in Wilmington, Delaware, within New Castle County, offers convenient access to local amenities and transportation. This is an exceptional opportunity to acquire a well-maintained and established place of worship, ready for immediate use. The asking price is $327,000. This property is ideally suited for a special purpose investor seeking a ready-to-use religious facility. The building's history and thoughtful renovations combine to create a welcoming and functional space for a congregation or similar organization. The property's size and layout provide ample space for worship services, community gatherings, and administrative functions. This is a rare opportunity to acquire a well-established property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.