1220 Washington StWilmington, DE 19801

Property Details for 1220 Washington St

Lot size

0.05 AC

Zone code

26C-2

Property type

Other commercial real estate

APN

26-028.20-083

APU

2602820083

Description

This exceptional 2,400 square foot storefront property, located at 1220 Washington Street in Wilmington, Delaware, presents a lucrative investment opportunity. Situated on a 0.05-acre lot (APN 2602820083), this building is zoned 26C-2 and offers a blend of office and retail space, ideal for a variety of uses. The main level provides street-level retail frontage with ample parking available in a side lot. Upstairs, a full bathroom and kitchen are included, presenting the potential for conversion into a mixed-use building. The property benefits from a high-traffic location, boasting 20,920 vehicles per day (VPD) passing by. Its strategic position across from ChristianaCare's Wilmington Hospital and near the Wilmington Central Business District (CBD), the Riverfront, and I-95 ensures excellent visibility and accessibility. Furthermore, this property is located within a Delaware Opportunity Zone, offering potential tax advantages. The asking price for this income-producing property is $275,000. Don't miss this chance to acquire a prime commercial property in a thriving Delaware location.

• Alternative Use

  Use

  Valuation

  Residential

  $1,065,426

  Hospitality

  $975,925

  Educational

  $811,958

  Medical

  $839,883

  Retail

  $1,263,046

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7495

Longitude

-75.5499

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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