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Dashboard
- $556k Price
- 6,970 Sqft
- .16 Acres
- 299 DOM
227 N Maryland Ave
Welcome to 227 N. Maryland Ave, Wilmington Delaware - a prime commercial real estate opportunity! This unique property boasts a 6-unit apartment building with one retail unit, home to the thriving and popular Mexican restaurant, Burrito Bandido. Situated in a highly desirable location, this property presents an excellent investment opportunity for those seeking to capitalize on the growing demand for commercial real estate in New Castle County Delaware. The apartments are spacious and well-maintained, offering residents a comfortable and convenient living experience. The retail unit, home to Burrito Bandido, is a well-established restaurant that has been serving the community for 18 years. The restaurant has a loyal customer base and has garnered an excellent reputation for its delicious food, welcoming atmosphere, and attentive service. This property is an excellent opportunity for an investor seeking to generate stable income from multiple sources. The apartments provide consistent rental income, and the restaurant lease offers a stable and long-term tenant with a strong track record. The roof was replaced 6/16/2923. The location is also highly desirable, with easy access to public transportation and nearby amenities, including shopping centers and parks. Don't miss this chance to invest in a prime commercial real estate property in New Castle County Delaware. Contact us today to schedule a showing and see for yourself what this exceptional property has to offer! 2023 numbers are in and the property CAP Rate has increased to 8.69% NOTE: The heater / AC and ALL the restaurant equipment belong to the tenant.
Essential Information
- MLS® #DENC2042132
- Price$555,900
- Bathrooms0.00
- Square Footage6,970
- Acres0.16
- Year Built1925
- TypeCommercial Sale
- Sub-TypeFive Or More Units
- StatusPending
Community Information
- Address227 N Maryland Ave
- AreaWilmington (30906)
- CityWILMINGTON
- CountyNEW CASTLE-DE
- StateDE
- Zip Code19804
Amenities
- ParkingPaved Parking, Private
Interior
- HeatingBaseboard - Electric
- CoolingWindow Unit(s)
Exterior
- ExteriorStucco
- Lot DescriptionCorner Lot
School Information
- DistrictRED CLAY CONSOLIDATED
Additional Information
- Date ListedMay 5th, 2023
- Days on Market299
- ZoningCN
Listing Details
- OfficeEXP Realty, LLC
- Office Contact(888) 543-4829
Price Change History for 227 N Maryland Ave, WILMINGTON, DE (MLS® #DENC2042132)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending | – | – | |
| Price Reduced | $555,900 | $34,100 (5.78%) | |
| Price Reduced | $590,000 | $5,000 (0.84%) | |
| Price Reduced (from $600,000) | $595,000 | $5,000 (0.83%) | |
| Active | – | – | |
| Show More (2) | |||
| Active Under Contract | – | – | |
| Active (from Coming Soon) | – | – | |
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Listing information last updated on May 3rd, 2024 at 7:30pm CDT.