Office/Retail Mixed-Use Building for Sale | 616 Union st
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Office/Retail Mixed-Use Building for Sale 616 Union st
7,862 SF 100% Leased Retail Building Wilmington, DE 19805 $1,417,328 CAD ($180 CAD/SF)
Investment Highlights
- 1st Floor: Scheduled Income of $5,813.79/month (3,391 +/- SF/Restaurant)
- Large On-Site Parking Lot
- 2nd Floor: Office/Studio Suites - 2 Units 1,965 +/- SF each (3,391 +/- SF Total)
- Zoned C-2 (City of Wilmington) - Flexible Zoning
Executive Summary
Two-story, income-generating office/retail building located on North Union Street in Wilmington. This property sits on a 0.31 +/- acre lot and features a spacious parking lot, offering convenience for tenants and customers alike. Positioned in a bustling commercial corridor, the building benefits from excellent visibility, making it an ideal investment opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,862 SF
Year Built
1930
Price
$1,417,328 CAD
Price Per SF
$180 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.59
Land Acres
0.31 AC
Zoning
C-2 - C-2 (City of Wilmington) Flexible Zoning
Walk Score ®
Very Walkable (89)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 26-026.20-061 | Improvements Assessment | $255,887 CAD |
Land Assessment | $75,714 CAD | Total Assessment | $331,601 CAD |
PROPERTY TAXES
Parcel Number
26-026.20-061
Land Assessment
$75,714 CAD
Improvements Assessment
$255,887 CAD
Total Assessment
$331,601 CAD
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Office/Retail Mixed-Use Building for Sale | 616 Union st
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