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Investment Opportunity 613-615 North Market Street 7,200 SF 100% Leased Retail Building Wilmington, DE 19801 $1,100,000 ($152.78/SF)
Investment Highlights
- Positioned within an immediate 133-unit residential cluster, including 44 new apartments planned directly across the street at Aurora Place.
- The full basement offers valuable space for inventory, production, fulfillment, storage or other back-of-house operations.
- Nearby restaurants, theaters and events create opportunities to capture evening, weekend and destination-driven traffic.
- Located directly across from the award-winning Bardea Food & Drink and Bardea Steak dining destinations.
- Potential redevelopment incentives may include Downtown Development District rebates and façade, fit-out and signage assistance.
- C-3 zoning and potential vertical expansion provide multiple long-term repositioning and redevelopment strategies, subject to approvals.
Executive Summary
613–615 N. Market Street offers a unique opportunity to acquire an approximately 7,200 SF mixed-use commercial property in the heart of Downtown Wilmington. The building includes approximately 3,600 SF above grade plus a full basement of equal size, providing flexibility for retail, office, restaurant, or redevelopment uses.
Located along the historic Market Street corridor within Wilmington’s Central Business District, the property offers excellent visibility and walkability to Rodney Square, Hotel du Pont, major employers, restaurants, residential developments, and the Wilmington Transportation Center.
C-3 zoning allows for a wide range of commercial and mixed-use applications, with potential for future vertical expansion subject to applicable approvals. Ideal for an owner-user, investor, or developer, the property offers multiple possibilities, including a creative ground lease, repositioning, or long-term redevelopment.
Located along the historic Market Street corridor within Wilmington’s Central Business District, the property offers excellent visibility and walkability to Rodney Square, Hotel du Pont, major employers, restaurants, residential developments, and the Wilmington Transportation Center.
C-3 zoning allows for a wide range of commercial and mixed-use applications, with potential for future vertical expansion subject to applicable approvals. Ideal for an owner-user, investor, or developer, the property offers multiple possibilities, including a creative ground lease, repositioning, or long-term redevelopment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
B
Year Built
1945
Price
$1,100,000
Price Per SF
$152.78
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.75
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
26C-3 - Applies to downtown commercial and mixed-use real estate parcels allowing retail, dining, and upper-floor residential units.
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-035.40-019 | Improvements Assessment | $876,200 |
| Land Assessment | $258,000 | Total Assessment | $1,134,200 |
Property Taxes
Parcel Number
26-035.40-019
Land Assessment
$258,000
Improvements Assessment
$876,200
Total Assessment
$1,134,200
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