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Office/Retail Mixed-Use Building for Sale 616 Union st 7,862 SF 100% Leased Retail Building Wilmington, DE 19805 $875,000 ($111.29/SF)
INVESTMENT HIGHLIGHTS
- 1st Floor: Scheduled Income of $5,813.79/month (3,391 +/- SF/Restaurant)
- Large On-Site Parking Lot
- 2nd Floor: Office/Studio Suites - 2 Units 1,965 +/- SF each (3,391 +/- SF Total)
- Zoned C-2 (City of Wilmington) - Flexible Zoning
EXECUTIVE SUMMARY
Two-story, income-generating office/retail building located on North Union Street in Wilmington. This property sits on a 0.31 +/- acre lot and features a spacious parking lot, offering convenience for tenants and customers alike. Positioned in a bustling commercial corridor, the building benefits from excellent visibility, making it an ideal investment opportunity.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
7,862 SF
Building Class
C
Year Built
1930
Price
$875,000
Price Per SF
$111.29
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.59
Lot Size
0.31 AC
Zoning
C-2 - C-2 (City of Wilmington) Flexible Zoning
Frontage
96’ on UNION ST
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26-026.20-061 | Improvements Assessment | $182,500 |
| Land Assessment | $54,000 | Total Assessment | $236,500 |
PROPERTY TAXES
Parcel Number
26-026.20-061
Land Assessment
$54,000
Improvements Assessment
$182,500
Total Assessment
$236,500
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Office/Retail Mixed-Use Building for Sale | 616 Union st
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