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705-707 W Street St
Wilmington, DE 19801
Corner of 8th and West and 8th & Washington · Land For Sale · 0.98 AC
Investment Highlights
- This is an income producing property currently generating a six-figure annual net income and operates as a commercial parking lot.
Executive Summary
• Located at three Downtown Wilmington corners: Eighth & West, Eighth & Washington Streets, and Seventh & West (see parcel map)
• Includes access to Seventh Street
• Eligible for up to $1,500,000 in rebate funding from Downtown Development District Grant Program
• Zoned C4 (see zoning map) and R-3
• Proximity to major office buildings and Downtown Wilmington restaurants, theaters, and attractions
• SALE: $1,250,000 for +/- 0.98 Acres
PROPERTY FACTS
1 Lot Available
Lot 1
| Price | $1,250,000 | Lot Size | 0.98 AC |
| Price Per AC | $1,275,510.20 |
| Price | $1,250,000 |
| Price Per AC | $1,275,510.20 |
| Lot Size | 0.98 AC |
+/- 42,689 SF
Description
• +/- .98 acres or +/- 42,689 SF • 3 bay garage with parking for 100 cars • Located at three Downtown Wilmington corners: Eighth & West, Eighth & Washington Streets, and Seventh & West (see parcel map) • Includes access to Seventh Street • Eligible for up to $1,500,000 in rebate funding from Downtown Development District Grant Program • Zoned C4 (see zoning map) and R-3 • Proximity to major office buildings and Downtown Wilmington restaurants, theaters and attractions • SALE: $1,250,000 for +/- 0.98 Acres
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $22,700 | |
| Land Assessment | $372,400 | Total Assessment | $395,100 |
PROPERTY TAXES
zoning
| Zoning Code | C4 & R3 (C4 & R3) |
| C4 & R3 (C4 & R3) |
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