1400 Market St Wilmington, DE 19801-3124
This exceptional 4,851 square foot office building, located at 1400 N Market Street in Wilmington, Delaware, presents a unique investment opportunity. Built in 1920, the three-story structure boasts timeless architectural charm and is situated in a vibrant, central location within New Castle County (zip code 19801). Currently zoned 26C-4 Central Office, the property offers significant versatility. Ideal for an owner-user seeking a prominent location, the building could also be adapted to suit a variety of business needs. Alternatively, the property presents potential for redevelopment into residential apartments, capitalizing on the high demand for housing in the area. The asking price is $525,000. This landmark property offers a compelling blend of history, location, and potential, making it an attractive investment for discerning buyers. The property's prime location in Wilmington's bustling urban core provides easy access to major transportation routes, amenities, and a thriving professional community. Its substantial size and flexible zoning provide ample opportunity for creative adaptation and future growth. This is a rare chance to acquire a piece of Wilmington's history and shape its future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
26C-4 · Wilmington, DEWilmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.