305 W 2nd St - Commercial LAND FOR SALE


Wilmington, DE 19801- Downtown Wilmington15,246 SF
$1,200,000 USD
302-383-1911
305 W 2nd St, Wilmington, DE for Sale
$1,200,000 USD
Commercial LAND - FOR SALE
1/2
15,246 SF

305 W 2nd St
Wilmington, DE 19801
Downtown Wilmington


HIGHLIGHTS

  • Population has most continued growth in Downtown and the Riverfront areas due to City incentives (grants, tax abatements).
  • Housing availability is low with strong 92% +/- rental occupancy rates
  • Rental housing shortage for higher-level of quality apartments
  • Employment projection of 9% growth between 2020-2030 (aligns with population growth).
  • Class-A office has remained stable with recent large office users coming to the downtown area (Incyte).

OVERVIEW

Wilmington River Views, once constructed, is envisioned to be a high-end boutique apartment development consisting of 24 Units. Wilmington, Delaware has demonstrated strong revitalization over the past 10 years with continuing growth predicted over the coming decade making Wilmington prime for real estate investment. Developer is receiving final approvals from the City of Wilmington. Buyer would have to submit final permit plans in order to start construction.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/ACRE

$3,428,571/AC

PRICE/SF

$79 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Apartment Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Office, Multi-Family

LAND ACRES

0.35 AC

LAND SF

15,246 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

26-043.10-054,26-043.10-055,26-043.10-056,26-043.10-057,26-043.10-058,26-043.10-059,26-043.10-060,26-043.10-061,26-043.10-062,26-043.10-063

ASK ABOUT THIS PROPERTY

Chris MooreLMT Commercial Realty LLCMore Info
302-383-1911

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Chris MooreLMT Commercial Realty LLCMore Info
302-383-1911

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.