For Sale
$329,000

111 9Th StWilmington, DE 19801

Prime Location, Income Producing, 2,578 SF

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a mixed-use property at 111 West 9th Street in Wilmington, Delaware's vibrant Central Business District. The property boasts a total of 2,578 square feet of net rentable space, currently configured as a ground-floor retail storefront and two upper floors ready for renovation. The asking price is $329,000. The building enjoys a high-visibility location, offering excellent exposure to pedestrian and vehicular traffic. Its strategic position directly across the street from "The Residence at Mid-Town Park," a luxury apartment complex, ensures a consistent flow of potential customers for the retail space and a strong tenant pool for future residential development. The current tenant occupies the ground floor storefront on a single tenancy agreement. The second and third floors offer significant potential for conversion into residential units, further enhancing the property's income-generating capabilities. This property is ideal for investors seeking a blend of immediate income and long-term appreciation potential in a thriving urban setting. The property's address is 111 W 9th St, Wilmington, DE 19801, situated in New Castle County.

Highlights

  • Mixed-use property at 111 W 9th St, Wilmington, DE 19801.
  • 2,578 square feet of net rentable area.
  • $329,000 asking price.
  • High-visibility location in Wilmington's Central Business District, across from a luxury apartment complex.
  • Ground floor retail space with existing tenant; upper floors available for conversion to residential units.

Property Details for 111 9Th St

Property type
Retail properties, Investment properties
Square Feet
2,578 SF

Location Insight

City
Wilmington
County
New Castle
State
Delaware
Latitude
39.7451611
Longitude
-75.5492431
111 9Th St, Wilmington, Delaware

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111 9Th St
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