621 Maryland Ave - Storefront Retail/Residential FOR SALE


Wilmington, DE 19805- Browntown
$595,000 USD
610-892-8300
621 Maryland Ave, Wilmington, DE for Sale
$595,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | Request Cap Rate

621 Maryland Ave
Wilmington, DE 19805
Browntown


OVERVIEW

Introducing 621 Maryland Ave in Wilmington—a prime investment opportunity that seamlessly blends commercial and residential income streams. This versatile property boasts a bustling restaurant on the ground level, secured by a long-term lease generating a reliable $2,800 per month. Ascend to the second floor, where two inviting 2-bedroom apartments are tenant-occupied, providing additional monthly income of $950 and $925 respectively. This property not only offers immediate returns but also the potential to enhance your portfolio when purchased as part of a comprehensive investment package with 1003 and 1005 Beech St (MLS #DENC2075898 & DENC2075904). Ideally situated in a dynamic area of Wilmington, 621 Maryland Ave provides both stability and growth, making it an exceptional opportunity for discerning investors. Contact us today to explore the full potential of this income-producing asset.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

26C-2

APN/PARCEL ID

26-042.10-534

ASK ABOUT THIS PROPERTY

John PortLong & Foster Real Estate, Inc.More Info
610-892-8300

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John PortLong & Foster Real Estate, Inc.More Info
610-892-8300

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