613-615 North Market Street - Retail FOR SALE


Wilmington, DE 19801- Downtown Wilmington
$1,100,000 USD
302-540-8969
613-615 North Market Street, Wilmington, DE for Sale
$1,100,000 USD
Retail - FOR SALE
1/2
null | Request Cap Rate

613-615 North Market Street
Wilmington, DE 19801
Downtown Wilmington


HIGHLIGHTS

  • Positioned within an immediate 133-unit residential cluster, including 44 new apartments planned directly across the street at Aurora Place.
  • Located directly across from the award-winning Bardea Food & Drink and Bardea Steak dining destinations.
  • The full basement offers valuable space for inventory, production, fulfillment, storage or other back-of-house operations.
  • Potential redevelopment incentives may include Downtown Development District rebates and façade, fit-out and signage assistance.
  • Nearby restaurants, theaters and events create opportunities to capture evening, weekend and destination-driven traffic.
  • C-3 zoning and potential vertical expansion provide multiple long-term repositioning and redevelopment strategies, subject to approvals.

OVERVIEW

613–615 N. Market Street offers a unique opportunity to acquire an approximately 7,200 SF mixed-use commercial property in the heart of Downtown Wilmington. The building includes approximately 3,600 SF above grade plus a full basement of equal size, providing flexibility for retail, office, restaurant, or redevelopment uses. Located along the historic Market Street corridor within Wilmington’s Central Business District, the property offers excellent visibility and walkability to Rodney Square, Hotel du Pont, major employers, restaurants, residential developments, and the Wilmington Transportation Center. C-3 zoning allows for a wide range of commercial and mixed-use applications, with potential for future vertical expansion subject to applicable approvals. Ideal for an owner-user, investor, or developer, the property offers multiple possibilities, including a creative ground lease, repositioning, or long-term redevelopment.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Investment Opportunity

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

26-035.40-019

ASK ABOUT THIS PROPERTY

Dann GladnickDSM CommercialMore Info
302-540-8969

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Dann GladnickDSM CommercialMore Info
302-540-8969

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