833 N Market St - Storefront Retail/Residential FOR SALE


Wilmington, DE 19801- Downtown Wilmington
$1,050,000 USD
302-383-8078
833 N Market St, Wilmington, DE for Sale
$1,050,000 USD
Storefront Retail/Residential - FOR SALE
1/26
null | Request Cap Rate

833 N Market St
Wilmington, DE 19801
Downtown Wilmington


OVERVIEW

Presenting to you the Historic Farmers Mutual Building in Downtown Wilmington, DE, this mixed-use piece of real estate, with 26C-3 zoning, is equipped with approvals for a 57-seat restaurant and a lower-level speakeasy. Share the neighborhood with household names such as La Fia, Bardea, Le Cavalier and more. Upstairs: 4 two-bedroom apartments. Renovated in 2020, these industrial-chic floorplans display 15 ft ceilings, exposed brick, plus open duct, beam and woodwork for a lofted, urban appeal. Situated on a main commerce street among Christiana Care, Widener Law and the city’s corporate hub. Generating upwards of $91,000 in annual residential revenue, the pro forma projects a prospective double-digit capitalization rate with an establishment in place. Done with love, reach out for details on the brand-new plumbing, HVAC and electrical fit-out with separated systems. For those who have lost hope in real returns, for business operators, and for investors looking to complete an exchange, this is an optimal addition to your portfolio. *Please contact us for financials.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

26C-3

APN/PARCEL ID

26-035.20-085

ASK ABOUT THIS PROPERTY

Scott HarrisonHarrison Properties Ltd.More Info
302-383-8078

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Scott HarrisonHarrison Properties Ltd.More Info
302-383-8078

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