For Sale
$425,000

721 King StWilmington, DE 19801

Established Cafe, High Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This thriving restaurant, located at 721 N King St in Wilmington, Delaware's historic district, presents a unique investment opportunity. The 1,476 square foot space, built in 1940, is a fully operational cafe with a "fully loaded" kitchen capable of handling all cooking needs. Currently serving lunch Monday through Thursday from 11:00 AM to 2:00 PM, the restaurant seats 32 guests and primarily caters to nearby businesses, including law firms and banks. The convenient location allows for a significant walk-in clientele. Street parking is available. The current limited hours offer substantial potential for expansion, including breakfast and dinner service, and the addition of alcoholic beverages (subject to OABCC approval). The seller is offering a two-week financing option post-closing to facilitate a smooth transition for the new owner. This turnkey operation is ideally positioned to capitalize on the vibrant downtown Wilmington market. The asking price is $425,000. This is a rare opportunity to acquire an established business with significant upside in a prime location.

Highlights

  • $425,000 asking price for this 1,476 sq ft restaurant.
  • Fully equipped kitchen with seating for 32 patrons.
  • Currently operates limited lunch service, offering significant expansion potential for breakfast, dinner, and alcohol sales (pending OABCC approval).
  • Seller financing available for two weeks post-closing.

Property Details for 721 King St

Property type
Retail properties, Restaurants
Square Feet
1,476 SF
Year Built
1940

Location Insight

City
Wilmington
County
New Castle
State
Delaware
Latitude
39.7429794
Longitude
-75.5487541
721 King St, Wilmington, Delaware

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721 King St
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