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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Joseph P Hurley III • Pantano Real Estate Inc

$525,000

Est. payment - /mo

1,742 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Little Italy

MLS Listing ID DENC2080696

Year Built 1948

Annual Tax Amount $5,160

Tax Year 2025

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Welcome to Little Italy, on the West side of the City of Wilmington! Probably one of the most well known intersections in all its glory, the Little Italy archway that greets and leads you down the road to the hot spot restaurants that Wilmington has to offer. Commercially zoned, mixed use, corner property is available for its next custodian. Store front on the main level could host a plethora of uses and features a wide open interior, multiple restrooms, plus various areas that can be utilized in a constructive manner depending on your needs. Basement area for storage is easily accessed from the store front and has restrooms as well. Some ideas to get your imagination jump started; pharmacy, restaurant, convenience store, pawn shop, check cashing, vape shop, place of worship, or my personal favorite - Marijuana Dispensary. Second level features a custom fit out, two bedroom apartment that has private access to a rear roof top area for relaxing as the warmer months make their presence felt. Main bedroom with vaulted ceiling and ensuite bathroom with tile and custom shower stall. Kitchen with gray shaker cabinetry, topped with granite, an island for additional seating and food preparation area complete with stainless under mount sink. Full bath services main living space and rear bedroom is draped in tile and other custom accouterments. Excellent opportunity to live above your business, purchase and rent both units for cash flow, or operate a business and rent the apartment for additional income. Excellent location on heavily traveled artery into and out of downtown Wilmington on a lighted intersection gives extreme exposure for pedestrians and vehicle traffic alike. Bring your vision and make this your center of operation!

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26C-2

Interior

Hot Water Electric

Heating Forced Air, Heat Pump - Electric BackUp

Cooling Central A/C, Ductless/Mini-Split

Flooring Carpet, Ceramic Tile, Hardwood, Luxury Vinyl Plank

Inclusions Contact Agent

Heat Source Electric

Exterior

Water Access N

Roof Type Flat

Accessibility Ramp - Main Level

Garage N

Building

Foundation Stone

Sewer Private Sewer

Water Public

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 26-026.40-162

Ownership Fee Simple

Security Features Security System,Surveillance Sys

Acceptable Financing Cash, Exchange, Private

Listing Terms Cash, Exchange, Private

Financing Cash,Exchange,Private

Special Listing Condition Standard

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Nearby Locations

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland 20895, USA

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1835 W 4TH ST Wilmington, DE 19805