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Little Italy Restaurant 1835 W 4th St 2,951 SF Vacant Retail Building Wilmington, DE 19805 $525,000 ($177.91/SF)



INVESTMENT HIGHLIGHTS
- Signalized Intersection
- Mixed Use Commercial with 2 Bedroom High End Apartment
EXECUTIVE SUMMARY
Welcome to Little Italy, on the West side of the City of Wilmington! Probably one of the most well known intersections in all its glory, the Little Italy archway that greets and leads you down the road to the hot spot restaurants that Wilmington has to offer. Commercially zoned, mixed use, corner property is available for its next custodian. Store front on the main level could host a plethora of uses and features a wide open interior, multiple restrooms, plus various areas that can be utilized in a constructive manner depending on your needs. Basement area for storage is easily accessed from the store front and has restrooms as well. Some ideas to get your imagination jump started; pharmacy, restaurant, convenience store, pawn shop, check cashing, vape shop, place of worship, or my personal favorite - Marijuana Dispensary. Second level features a custom fit out, two bedroom apartment that has private access to a rear roof top area for relaxing as the warmer months make their presence felt. Main bedroom with vaulted ceiling and ensuite bathroom with tile and custom shower stall. Kitchen with gray shaker cabinetry, topped with granite, an island for additional seating and food preparation area complete with stainless under mount sink. Full bath services main living space and rear bedroom is draped in tile and other custom accouterments. Excellent opportunity to live above your business, purchase and rent both units for cash flow, or operate a business and rent the apartment for additional income. Excellent location on heavily traveled artery into and out of downtown Wilmington on a lighted intersection gives extreme exposure for pedestrians and vehicle traffic alike. Bring your vision and make this your center of operation!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,951 SF
Building Class
C
Year Built/Renovated
1948/2022
Price
$525,000
Price Per SF
$177.91
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.69
Lot Size
0.04 AC
Zoning
C-2
Frontage
AMENITIES
- Corner Lot
- Signalized Intersection
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Caseys LLC
- -
- -
- -
- -
- Srisai Llc
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Caseys LLC | - | - | - | - | ||
| Srisai Llc | - | - | - | - |
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26-026.40-162 | Improvements Assessment | $101,400 |
| Land Assessment | $26,100 | Total Assessment | $127,500 |
PROPERTY TAXES
Parcel Number
26-026.40-162
Land Assessment
$26,100
Improvements Assessment
$101,400
Total Assessment
$127,500
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Little Italy Restaurant | 1835 W 4th St
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