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Listed by Ms. Yasmin Bowman • Tesla Realty Group, LLC
$ 895,000
Est. payment | /mo
1,307 Sqft Lot
$ 895,000
Est. payment | /mo
1,307 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DENC2104840
Year Built 1920
Available Date 2026-06-15
Annual Tax Amount $8,516
Tax Year 2025
Lot Size 1,307 Sqft
Acres 0.03
Lot Dimensions 19.50 x 60.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
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.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26C-3
Interior
Hot Water Electric
Heating Forced Air, Heat Pump - Electric BackUp
Cooling Multi Units, Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility 32\"+ wide Doors
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Bayard
School District Christina
Others
Tax ID 26-035.20-096
Ownership Fee Simple
Special Listing Condition Standard
