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Property profile & analytics
OFF-MARKET Estimated value $2,520,000
Retail residential properties

201 Market St Wilmington, DE 19801-2527

12,000 SF 1.01 ac lot Built 1920
Entity Owned Absentee Owner Free & Clear
Property ID
US17-0039153
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1920
Construction CONCRETE
Total area 12,000 SF
Lot 1.01 ac (43,996 SF)
Zoning code 26C-3
APN 26-043.10-200
UPID US17-0039153
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.88M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.52M
Owner & transaction history
Hdc INC
Hdc INC
since 2025
7 recorded transactions
2025
Price N/A
2021
Price N/A
2016
Price N/A
2011
$2.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
26C-3 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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