$225,000

416 N UNION STREET, WILMINGTON, DE 19805, US

Summary

Year Built: 1918

Moving Quotes

primary photo for 416 N UNION STREET, WILMINGTON, DE 19805, US

Remarks

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's. 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 $1000.00 per month.(triple Net) There is a well sized two bedroom apartment on the second floor with a Family Room and eat-in kitchen that had been recently remodeled, it features private entrance, separate utilities with Central Air, that formerly rented with Long term tenant for $850.00 per month...owner will make improvements and this could easily Rent for $950.00 per month. 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.

Details

MLS#: DENC496538
Price: $225,000

Year Built: 1918

County: NEW CASTLE
Tax Fee: 734.0

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Broker Contact


RE/MAX Associates-Newark
228 Suburban DRIVE
Newark, DE, 19711
US
John W. Ford
! (302) 453-3200
! john@johnwford.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Bright MLS
Last updated: 2020-04-16T01:01:17.000-04:00.
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