CHARIS REALTY GROUP

825 N MARKET STREET

WILMINGTON, DE 19801

MLS#: DENC2104840

$895,000

Status: Active
Listing number: DENC2104840
Listing provided by: Tesla Realty Group, LLC
Listing agent phone: None
Last update: a month ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

4,500

825 N.​ Market Street | Wilmington, DE 19801 - Exceptional mixed-use building and investment opportunity in the heart of Downtown Wilmington’s thriving business and entertainment district.​ This commercially zoned property is comprised of residential and commercial units as follows: Six total units: one street-level commercial space currently leased to a restaurant and five upper-floor apartments comprised of one 2BR unit, three 1BR units, and one studio apartment.​ Positioned directly across from the landmark Grand Opera House and surrounded by many popular restaurants, offices, hotels, new residential development, and year-round entertainment, 825 N.​ Market Street offers prime visibility and strong tenant appeal on one of the city’s most desirable blocks in the heart of the Downtown Wilmington business and entertainment center and "Development District.". The ground-floor commercial space includes approximately 938 SF with a lease in place through 2028, while the residential units provide stable income with high occupancy.​ New roof and restaurant exhaust hood / stack installed in 2021. Potential exists for value-add rental increases.​ Each unit benefits from individually allocated HVAC and water heaters, and tenants pay all utilities except cold water and sewer.​ Located within the city’s Development District and a federally designated "Opportunity Zone." Located two blocks from Rodney Square, the landmark world-famous Hotel DuPont and the new Widener Law School and education center (Former MBNA Bank building complex) and walking distance to the popular Wilmington Riverfront. This asset may also offer improvement incentive potential, subject to approval.​ Contact listing agent for lease schedules and operating income and expenses.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Multi Units, Electric

  • Heating YN

    YES

  • Heating

    Electric, Forced Air, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street, Garage, Off Site

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1,307

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $895,000

  • Tax Amount

    $8,516

  • Sq. Footage

    4,500

  • Price/SqFt

    $198

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    BAYARD

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Accessibility Features

    Accessible Doors

  • Sewer

    Public Sewer

  • Tax Lot

    096

  • Water Source

    Public

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Location

County

NEW CASTLE

Elementary School

Middle School

BAYARD

High School

Listing Courtesy of Yasmin Bowman , Tesla Realty Group, LLC

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Agent Jessica Raborg

AGENT

Jessica Raborg

Call Jessica today to schedule a private showing.

(240) 586-4220

jessica@charisrealty.com


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825 N.​ Market Street | Wilmington, DE 19801 - Exceptional mixed-use building and investment opportunity in the heart of Downtown Wilmington’s thriving business and entertainment district.​ This commercially zoned property is comprised of residential and commercial units as follows: Six total units: one street-level commercial space currently leased to a restaurant and five upper-floor apartments comprised of one 2BR unit, three 1BR units, and one studio apartment.​ Positioned directly across from the landmark Grand Opera House and surrounded by many popular restaurants, offices, hotels, new residential development, and year-round entertainment, 825 N.​ Market Street offers prime visibility and strong tenant appeal on one of the city’s most desirable blocks in the heart of the Downtown Wilmington business and entertainment center and "Development District.". The ground-floor commercial space includes approximately 938 SF with a lease in place through 2028, while the residential units provide stable income with high occupancy.​ New roof and restaurant exhaust hood / stack installed in 2021. Potential exists for value-add rental increases.​ Each unit benefits from individually allocated HVAC and water heaters, and tenants pay all utilities except cold water and sewer.​ Located within the city’s Development District and a federally designated "Opportunity Zone." Located two blocks from Rodney Square, the landmark world-famous Hotel DuPont and the new Widener Law School and education center (Former MBNA Bank building complex) and walking distance to the popular Wilmington Riverfront. This asset may also offer improvement incentive potential, subject to approval.​ Contact listing agent for lease schedules and operating income and expenses.

825 N MARKET STREET

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