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Property summary
This exceptional 1.55-acre industrial land parcel presents a unique investment opportunity in Wilmington, Delaware. Strategically located on the Christina River, this property enjoys convenient access to major transportation arteries, including I-495 and the Delaware Memorial Bridge, ensuring seamless connectivity throughout the region. The site is zoned W4, designating it as a Waterfront Residential/Commercial District, offering considerable flexibility for diverse development projects. Current zoning permits multiple uses, providing ample scope for creative and profitable ventures. A short-term lease is currently in place, offering immediate income potential or a future development opportunity. The property benefits from a desirable location, surrounded by established businesses such as the River House Apartments, Wilmington Rowing Club, and the Delaware Humane Society, contributing to a thriving and well-established neighborhood. This prime waterfront location offers unparalleled visibility and accessibility, making it an ideal site for a variety of commercial or mixed-use developments. The property's size and zoning regulations provide a solid foundation for a range of projects, from light industrial to potentially complementary commercial uses. The existing short-term lease provides a buffer period for planning and development, allowing for a strategic approach to maximizing the property's potential. This is a rare opportunity to acquire a significant waterfront property in a prime location with excellent access to transportation and a supportive community. The address is 601 A Street, Wilmington, DE 19801.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
26W4 · Wilmington, DEZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 26W4 in Wilmington, DE.
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