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$595,000
Est. payment /mo
5,400 SqFt
UPDATED:
02/11/2025 06:16 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $110
Subdivision None Available
MLS Listing ID DENC2075908
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $4,345
Tax Year 2024
Lot Size 3,485 Sqft
Acres 0.08
Lot Dimensions 48.50 x 67.50
Property Sub-Type Retail
Property Description
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.
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.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26C-2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Christina
Others
Tax ID 26-042.10-534
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Listed by Christopher D Wharton • Long & Foster Real Estate, Inc.