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Investment Highlights
- Scarce Fee-Simple Ownership Opportunity in Downtown Wilmington
- Walkable Location Near Courthouses, Corporate Offices & Amenities
- Prominent King Street Presence with Dedicated Signage Opportunity
- Ideal Owner-User Alternative to Rising Office Rents
- Limited Supply of Small Standalone Office Buildings
Executive Summary
Located in the heart of Downtown Wilmington's central business district, 1324 N. King Street offers a rare opportunity to acquire a professionally designed office property in one of the region's most established business corridors. The approximately 1,600 SF office building features a highly functional three-level layout, including a welcoming reception area, multiple private offices, a conference room, kitchenette, and private restrooms, making it well suited for a variety of professional office users.
Positioned along the highly visible N. King Street corridor, the property benefits from immediate access to Wilmington's legal, financial, and governmental centers, including close proximity to Rodney Square, the New Castle County Courthouse, and numerous corporate employers. The location also provides convenient connectivity to I-95, Route 202, and the Wilmington Train Station, offering accessibility for both employees and clients.
Combining the character and charm of Downtown Wilmington with practical office functionality, the property offers strong street presence, signage opportunities, and walkability to nearby restaurants, services, and amenities. Its efficient layout and premier location make it an ideal opportunity for attorneys, consultants, boutique firms, and other professional office users seeking an ownership presence in
Positioned along the highly visible N. King Street corridor, the property benefits from immediate access to Wilmington's legal, financial, and governmental centers, including close proximity to Rodney Square, the New Castle County Courthouse, and numerous corporate employers. The location also provides convenient connectivity to I-95, Route 202, and the Wilmington Train Station, offering accessibility for both employees and clients.
Combining the character and charm of Downtown Wilmington with practical office functionality, the property offers strong street presence, signage opportunities, and walkability to nearby restaurants, services, and amenities. Its efficient layout and premier location make it an ideal opportunity for attorneys, consultants, boutique firms, and other professional office users seeking an ownership presence in
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,600 SF
Building Class
C
Year Built
1920
Price
$160,000
Price Per SF
$100
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,044 SF
Slab To Slab
10’
Building FAR
1.22
Lot Size
0.03 AC
Zoning
26C-4
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- American Chiropractic Center
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| American Chiropractic Center | Health Care and Social Assistance | - | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 26-028.40-197 | Improvements Assessment | $279,300 |
| Land Assessment | $46,500 | Total Assessment | $325,800 |
Property Taxes
Parcel Number
26-028.40-197
Land Assessment
$46,500
Improvements Assessment
$279,300
Total Assessment
$325,800
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1324 N King St
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