623 Heald St Wilmington, DE 19801-5635
This meticulously maintained 2,236 square foot church, constructed in 1910 and renovated in 2000, presents a unique investment opportunity in Wilmington, Delaware. The property boasts a large first-floor sanctuary with seating for over 100, complemented by a choir loft and pulpit. Additional space includes several smaller offices, ideal for pastoral use or administrative functions. A balcony offers further seating capacity for 40-50 individuals. The building's welcoming atmosphere makes it perfect for religious services and community gatherings. Beyond the main sanctuary, a sizable basement provides extra space for various community events or additional programming. The property sits on a 0.1-acre lot and includes a driveway accommodating two or more vehicles, along with a small backyard and side yard. A new roof was recently installed, ensuring long-term structural integrity. This property is exceptionally well-suited for a special purpose investor seeking a versatile space with significant potential. Its prime location in Wilmington offers easy access to local amenities and a thriving community. The combination of historical charm, modern updates, and ample space makes this an exceptional opportunity.
-
New Covenant Church Church
-
union lodge 21 Volunteer Organization Community Center
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
26R-3 · Wilmington, DECosts & 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.