$200,000
$225,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
416 N UNION ST Wilmington, DE 19805
200 SqFt
Key Details
Sold Price $200,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 200 sqft
Price per Sqft $1,000
MLS Listing ID DENC526914
Sold Date 09/03/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1918
Annual Tax Amount $728
Tax Year 2020
Lot Size 1,307 Sqft
Acres 0.03
Lot Dimensions 18.00 x 80.00
Property Description
Sale or Lease.... Be part of the Revitalization of N. Union St. in "Little Italy's" Restaurant Row, one of the Cities busiest and most traveled corridors. This storefront is directly across from "The Flats" all new Construction being redeveloped by the Woodlawn Trustees with new Tenants arriving daily. Formerly a Wilmington landmark...Frankies Subs and Steaks, offers flexible and numerous mixed use opportunities, the Storefront space consists of a 33'x 13' front area with an Ansul Fire Protection system and a 7' Exhaust system in place, also a 13' x 10' prep area, unisex bathroom(all total approximately 1000 sq. ft.) and access to a full basement, perfect for additional storage and freezer space, etc. This space had just rented for $1100.00 per month.(triple Net) There is a well sized two bedroom apartment on the second floor with a Family Room and eat-in kitchen, unit was recently remodeled, it features private entrance, separate utilities with Central Air, currently it is rented for $950.00 per month. with a two year Lease through 3/31/2023. Perfect opportunity to be an Owner/ Operator and quite possibly live upstairs. Many uses are applicable under current Zoning , and flexible terms are available, even possible Lease Purchase options, lets get creative.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26C-2
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Ceiling Fan(s), Heat Pump(s), Window Unit(s), Zoned
Heat Source Natural Gas, Electric
Exterior
Water Access N
Accessibility None, 2+ Access Exits
Garage N
Building
Lot Description Rear Yard
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-026.20-141
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Lease Purchase, VA
Listing Terms Cash, Lease Purchase, VA
Financing Cash,Lease Purchase,VA
Special Listing Condition Standard
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Bought with Heather Sinclair • Empower Real Estate, LLC