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1122 West St
Wilmington, DE 19801
Land For Sale
·
0.23 AC
Investment Highlights
- 0.23-acre parcel within Wilmington’s Central Business District.
- Walking distance to major employers, hotels, and lifestyle amenities.
- Strong market fundamentals with rising residential demand and limited hotel supply.
- Zoned 26C-4 to accommodate high-density mixed-use development.
- Located near ChristianaCare, Hotel du Pont, and prominent office towers.
- Convenient access to Delaware Avenue and U.S. Route 13 for regional connectivity.
Executive Summary
This offering presents a 0.23-acre development parcel located in the heart of Wilmington’s Central Business District. Zoned 26C-4, this site allows for a wide range of high-density commercial uses, hotel development, or multifamily residential projects. Its downtown position places it within walking distance of major employment hubs, top-tier corporate offices, and key cultural amenities.
The Central Business District has experienced robust multifamily and mixed-use growth in recent years, with over 1,720 apartment units added since 2020 and strong occupancy rates exceeding 95%. Recent and upcoming hospitality projects highlight continued investment demand, with two new hotels on the riverfront and minimal current hotel supply within the core of downtown. This development site provides an exceptional opportunity to capitalize on Wilmington’s growth trajectory and expanding live-work-play environment.
Surrounded by established businesses, luxury hotels, and respected institutions such as ChristianaCare, Hotel du Pont, and global corporation offices, this property benefits from excellent visibility and accessibility. Proximity to major roadways, including Delaware Avenue and U.S. Route 13, ensures connectivity throughout the metropolitan area. For investors and developers seeking a high-potential project location in an urban center with demonstrated demand for residential and hospitality uses, 1122 West Street offers an attractive and well-positioned solution.
The Central Business District has experienced robust multifamily and mixed-use growth in recent years, with over 1,720 apartment units added since 2020 and strong occupancy rates exceeding 95%. Recent and upcoming hospitality projects highlight continued investment demand, with two new hotels on the riverfront and minimal current hotel supply within the core of downtown. This development site provides an exceptional opportunity to capitalize on Wilmington’s growth trajectory and expanding live-work-play environment.
Surrounded by established businesses, luxury hotels, and respected institutions such as ChristianaCare, Hotel du Pont, and global corporation offices, this property benefits from excellent visibility and accessibility. Proximity to major roadways, including Delaware Avenue and U.S. Route 13, ensures connectivity throughout the metropolitan area. For investors and developers seeking a high-potential project location in an urban center with demonstrated demand for residential and hospitality uses, 1122 West Street offers an attractive and well-positioned solution.
Property Facts
1 Lot Available
Lot
| Lot Size | 0.23 AC |
| Lot Size | 0.23 AC |
0.23-acre development parcel located in the heart of Wilmington’s Central Business District. Zoned 26C-4, this site allows for a wide range of high-density commercial uses, hotel development, or multifamily residential projects.
Description
The property is located at 1122 West Street in Wilmington, Delaware, within the central business district. It is positioned near major intersections and within close proximity to Delaware Avenue and U.S. Route 13. Surrounding uses include commercial, hospitality, and residential developments. The area hosts key businesses, cultural institutions, and healthcare facilities. The property is served by existing road infrastructure and offers access to public transportation.
Property Taxes
| Parcel Numbers | Improvements Assessment | $16,600 | |
| Land Assessment | $774,000 | Total Assessment | $790,600 |
Property Taxes
Parcel Numbers
Land Assessment
$774,000
Improvements Assessment
$16,600
Total Assessment
$790,600
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