336 Heald StWilmington, DE 19801

Property Details for 336 Heald St

Year built

1920

Construction

CONCRETE

Lot size

0.03 AC

Property size (Sq ft)

1,450 SF

Zone code

26R-3

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

26-051.30-106

APU

2605130106

Description

This exceptional mixed-use property, located at 336 S Heald Street in Wilmington, Delaware's vibrant Southbridge area, presents a compelling investment opportunity. The 3,460 square foot building sits on a 0.03-acre lot and currently features three occupied residential units. The ground floor retail space is currently vacant, offering significant upside potential. Existing architectural plans are available for converting this vacant retail space into two additional residential units, increasing rental income and property value. The building is well-maintained and in good condition, reflecting responsible ownership. This location benefits from the ongoing revitalization of the Southbridge neighborhood, with new construction projects underway nearby and the proximity to the expanding waterfront district. The property's versatility makes it ideal for a business owner seeking retail space combined with rental income or an investor looking to capitalize on the conversion potential and strong rental demand in a rapidly developing area. The asking price is $750,000. This is a rare chance to acquire a well-situated mixed-use property with immediate income and substantial long-term growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $768,415

  6.5%

  $709,306

  7%

  $658,641

• Comparable approach

  Method

  Valuation

  Relative Method

  $476,636

  Geo Method

  $293,658

• Alternative Use

  Use

  Valuation

  Residential

  $709,306

  Hospitality

  $649,720

  Educational

  $540,560

  Medical

  $559,150

  Retail

  $840,871

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7303

Longitude

-75.5429

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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