705-707 West St Wilmington, DE 19801
- Retail properties
- 1,682 SF
- 0.98 lot acres
Current Use by Public Records
- Retail properties
Property Details for 705-707 West St
- Lot size
- 0.98 lot acres
- Property size
- 1,682 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 0.98-acre property, located at 705-707 West Street in Wilmington, Delaware (zip code 19801), presents a unique redevelopment opportunity. Currently operating as an income-producing auto repair facility and commercial parking lot, the site offers significant potential. The property includes a fully-leased 1,682 square foot building to a single tenant, generating a six-figure annual net income. The expansive lot provides 100 parking spaces and boasts convenient access to Seventh Street, situated at the intersection of Eighth & West and Eighth & Washington Streets. The property is zoned C4 and R-3, and is eligible for up to $1,500,000 in rebate funding through the Downtown Development District Grant Program. This prime location offers proximity to major office buildings, restaurants, theaters, and other downtown Wilmington attractions. The APN numbers are 2603510384 and 2603510369. An additional approximately 0.13 acres may also be available. The asking price is $1,250,000.
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
- -75.5526
- Latitude
- 39.7448
