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Office/Retail Mixed-Use Building for Sale 616 Union st

7,862 SF 100% Leased Retail Building Wilmington, DE 19805 $999,900 ($127/SF)

Retail Space Delaware Wilmington 616 Union st, Wilmington, DE 19805

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.

Attachments

616-618 N Union Street Brochure

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
7,862 SF
Year Built
1930
Price
$999,900
Price Per SF
$127
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

Links

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Walk Score ®
Very Walkable (89)
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Walk Score® measures the walkability of any address.
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Checkers
Capriotti's
WSFS Bank
PNC Bank
Citizens Bank
ACME
Capital One
America's Best Wings
Cosi
Joe's Crab Shack

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
(302) 414-1000

Contact

  • Listing ID: 34083361

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 616 Union st, Wilmington, DE 19805

More public record information on 616 Union st, Wilmington, DE 19805

The Retail Property at 616 Union st, Wilmington, DE 19805 is currently available for sale. Contact LMT Commercial Realty, LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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616 Union st, Wilmington, DE for sale Building Photo- Image 3 of 4
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Office/Retail Mixed-Use Building for Sale | 616 Union st
(302) 414-1000 x

Office/Retail Mixed-Use Building for Sale | 616 Union st

Joseph Latina

(302) 414-1000

(302) 414-1000

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