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Investment Highlights
- On one of Wilmington’s most visible and high traffic count commercial corridors.?
- 20+ Gated Private Off-street Parking Spaces.
- 12 foot ceiling in the main hall.
Executive Summary
2501 & 2521 North Market St, Wilmington, DE 19802 offers a standout opportunity to acquire a well-located mixed-use commercial asset in one of Wilmington’s most visible and high traffic count commercial corridors.? This well-maintained, high-visibility corner property (a former landmark fire house) was recently "extensively renovated" and is ready to accommodate its next owner.? The main floor and lower level comprise three flexible floor plans measuring as follows: These are 'multi-tenant-capable' and "demisable" into "at least" three areas as follows: The main 12" ceiling fire hall (approx.? 1,736 +/- SF), the new brick addition (approx.? $1,108 +/- SF) and the lower level (approx.? 1,620+/- SF).? These can support a variety of uses including retail, office, showroom, workshop, restaurant, daycare, special purpose, storage, and other mixed-use concepts.? On the upper level, two renovated 2BR / 2BA residential apartments create extra cash flow or can be used as owner / user residences or possibly Air BnB income (subject to city permitting).? Each apartment enjoys an individually dedicated HVAC system, a hot water heater, clothes washer and dryer.? A new central sprinkler system and alarm was recently installed throughout the building for extra assurance.? .? Positioned along the North Market Street corridor with strong frontage and traffic exposure, the site benefits from a prominent corner presence and excellent accessibility.? The property includes ample on-site parking at the rear, with a gated parking lot of at least 20 spaces and potential to add additional parking, making it especially attractive for customer-facing or operational users.? Located just minutes from the Downtown Wilmington business and entertainment district, Lawyer's Row, the Wilmington Train Station, Wilmington Riverfront attractions, multiple hotels, restaurants, major travel routes and highways I-95 and I-495, The Brandywine Zoo, Brandywine River, Christiana Care Hospital and so much more; the property offers convenient access for employees, clients, and vendors alike.? Surrounded by dense residential neighborhoods, commercial activity, and ongoing revitalization, this location places your business in the path of growth, accessibility and daily visibility.? Available for immediate occupancy, this is an exceptional opportunity to establish or expand your presence in a high-traffic, strategically connected Wilmington location.? Seller financing "may" be available, subject to the totality of the deal.?
BUILDING: ?2501 N. Market Street (Fire House Parcel)
?Corner parcel with building
?Tax Parcel ID: 26-022.40-002
Building consists of: 2,844 +/- SF vacant subdividable rentable main level space, a lower-level 1,736 +/- SF finished space and two 2BR / 2BA apartments on the upper level
?Lot Size: 0.18 Acres (Approx. 7,841 Sf)
?New sprinkler and alarm system throughout entire building
?New roof
?Fire doors can be reopened / drivable floors in main hall
?Adjacent parking lot of 20+ spaces included in the sale.
Handicap accessible main level with two sets of handicap accessible restrooms.
12' ceilings in the main halll.
Direct access to the rear private off-street parking lot with 20-25 parking spaces.
PARKING LOT:
?2521 N. Market Street (Parking Lot Parcel)
?Gated Parking Lot With 20 Spaces (Potential to Add 5 More)
?Tax Parcel ID: 26-022.40-001
?Lot Size: 0.14 Acres (Approx, 6,098 Sf)
?Zoning: 26c-1
BUILDING: ?2501 N. Market Street (Fire House Parcel)
?Corner parcel with building
?Tax Parcel ID: 26-022.40-002
Building consists of: 2,844 +/- SF vacant subdividable rentable main level space, a lower-level 1,736 +/- SF finished space and two 2BR / 2BA apartments on the upper level
?Lot Size: 0.18 Acres (Approx. 7,841 Sf)
?New sprinkler and alarm system throughout entire building
?New roof
?Fire doors can be reopened / drivable floors in main hall
?Adjacent parking lot of 20+ spaces included in the sale.
Handicap accessible main level with two sets of handicap accessible restrooms.
12' ceilings in the main halll.
Direct access to the rear private off-street parking lot with 20-25 parking spaces.
PARKING LOT:
?2521 N. Market Street (Parking Lot Parcel)
?Gated Parking Lot With 20 Spaces (Potential to Add 5 More)
?Tax Parcel ID: 26-022.40-001
?Lot Size: 0.14 Acres (Approx, 6,098 Sf)
?Zoning: 26c-1
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- Market Information
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built/Renovated
1970/2025
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.77
Lot Size
0.18 AC
Zoning
26C-1 - C1 zoning allows for small-scale commercial establishments like convenience stores, cafes, and small offices, serving the immediate neighborhood
Amenities
- Signage
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-022.40-002 | Improvements Assessment | $258,800 |
| Land Assessment | $193,500 | Total Assessment | $452,300 |
Property Taxes
Parcel Number
26-022.40-002
Land Assessment
$193,500
Improvements Assessment
$258,800
Total Assessment
$452,300
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2501 N Market St
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