201 Market St Wilmington, DE 19801-2527
Property profile & analytics
201 Market St, Wilmington, DE 19801-2527
- Retail residential properties
- 12,000 SF
- 1.01 lot acres
Property ID
US17-0039153
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail residential properties
Property Details for 201 Market St
- Year built
- 1920
- Construction
- CONCRETE
- Lot size
- 1.01 lot acres
- Zone code
- 26C-3
- Property type
- Retail residential properties
- APN
- 26-043.10-200
- APU
- 2604310200
Description
This fully equipped restaurant space, totaling 2,350 square feet, is ideally situated at the corner of 2nd and Market Streets in Wilmington, Delaware's historic downtown district. The property boasts a C-3 Central Retail zoning designation, ensuring flexibility for various culinary ventures. The space is a single-tenant occupancy and comes complete with an oversized hood system, a walk-in refrigerator, a pizza oven, ample sinks, bar stools, tables and chairs, and multiple televisions. Its prime location offers exceptional visibility and accessibility, situated just two blocks from the Wilmington Amtrak Station. Furthermore, its proximity to the Riverfront, Chase Bank, theaters, colleges, retail establishments, and numerous apartment buildings guarantees a high volume of foot traffic and potential clientele. This turnkey opportunity presents a rare chance to establish or expand a thriving restaurant business in a vibrant and well-connected urban setting within the 2nd & LOMA submarket cluster of Downtown Wilmington. The address is 201 N Market St, Wilmington, DE 19801.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,040,000
- 6.5%
- $1,880,000
- 7%
- $1,745,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,480,000 Current use
- RETAIL STORES
- $2,475,000 Change: -0% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5524
- Latitude
- 39.7394
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$56,020
$440,000
$1,113,400
$1,553,400
-
$0.00
$0.00
$0.00
