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Mixed-Use Investment Property for Sale 204 N Maryland Ave

5,237 SF 100% Leased Flex Building Wilmington, DE 19804 $775,000 ($148/SF) 9.91% Cap Rate

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Investment Highlights

7 Total Units: 4 Retail and 3 Apartments
North Maryland Avenue AADT: 17,909 +/- VPD

Fully Leased

Executive Summary

Exceptional multi-use investment property for sale on busy North Maryland Avenue. Featuring four retail units on the ground floor and three residential apartments, this property offers a rare blend of commercial and residential income streams.

204 N. Maryland Avenue Brochure

Property Facts

Price	$775,000	Lot Size	0.19 AC
Price Per SF	$148	Rentable Building Area	5,237 SF
Sale Type	Investment or Owner User	No. Stories	2
Cap Rate	9.91%	Year Built	1930
Property Type	Flex	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$775,000
Price Per SF	$148
Sale Type	Investment or Owner User
Cap Rate	9.91%
Property Type	Flex
Building Class	C
Lot Size	0.19 AC
Rentable Building Area	5,237 SF
No. Stories	2
Year Built	1930
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

PROPERTY TAXES

Parcel Number	07-043.10-536	Improvements Assessment	$68,500
Land Assessment	$41,400	Total Assessment	$109,900

PROPERTY TAXES

Parcel Number

07-043.10-536

Land Assessment

$41,400

Improvements Assessment

$68,500

Total Assessment

$109,900

zoning

Zoning Code	CN (CN (Commercial Neighborhood))
CN (CN (Commercial Neighborhood))

Listing ID: 33168765
Date on Market: 9/13/2024
Last Updated:
Address: 204 N Maryland Ave, Wilmington, DE 19804

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204 N Maryland Ave, Wilmington, DE for sale Primary Photo- Image 1 of 10 — Exterior

204 N Maryland Ave, Wilmington, DE for sale Building Photo- Image 2 of 10 — Exterior

204 N Maryland Ave, Wilmington, DE for sale Building Photo- Image 3 of 10 — Exterior

204 N Maryland Ave, Wilmington, DE for sale Building Photo- Image 4 of 10 — Building Photo

204 N Maryland Ave, Wilmington, DE for sale Building Photo- Image 5 of 10 — Building Photo

204 N Maryland Ave, Wilmington, DE for sale Building Photo- Image 6 of 10 — Building Photo

204 N Maryland Ave, Wilmington, DE for sale Building Photo- Image 7 of 10 — Deck

204 N Maryland Ave, Wilmington, DE for sale Building Photo- Image 8 of 10 — Building Photo

204 N Maryland Ave, Wilmington, DE for sale Building Photo- Image 9 of 10 — Building Photo

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