Wilmington, DE 19805 621 Maryland Avenue

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Presented By: Long & Foster Real Estate, Inc.
  • MLS# DENC2075908
  • 02/11/2025
  • Request Tour
  • Request Info
  • SQFT • 5,400

Home Details

Introducing 621 Maryland Ave in Wilmingtona prime investment opportunity that seamlessly blends commercial and residential income streams. This versatile property boasts a bustling restaurant on the ground level, secured by a long-term lease generating a reliable $2,800 per month. Ascend to the second floor, where two inviting 2-bedroom apartments are tenant-occupied, providing additional monthly income of $950 and $925 respectively. This property not only offers immediate returns but also the potential to enhance your portfolio when purchased as part of a comprehensive investment package with 1003 and 1005 Beech St (MLS #DENC2075898 & DENC2075904). Ideally situated in a dynamic area of Wilmington, 621 Maryland Ave provides both stability and growth, making it an exceptional opportunity for discerning investors. Contact us today to explore the full potential of this income-producing asset.
Presented By: Long & Foster Real Estate, Inc.

Interior Features for 621 Maryland Avenue

Other Interior Features

Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 621 Maryland Avenue

AccessibilityNone
Business TypeRestaurant/Bar
CityWILMINGTON
Construction MaterialsOther
Cool FuelElectric
CoolingCentral A/C
CountyNEW CASTLE
DirectionsJackson to Maryland Ave
HeatingForced Air
Legal SubdivisionWILMINGTON
Lot Size Square Feet3485.00
Lot Size UnitsSquare Feet
MLS AreaWilmington (30906)
ModificationTimestamp2025-03-17T18:36:05
New ConstructionNo
Number Of Units Total
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG110.17
Property SubtypeRetail
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNONE AVAILABLE
Tax Annual Amount4345.0
Tax Assessed Value77300.0
Tax Lot534
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1940
Year Built SourceEstimated
Zoning26C-2

Exterior for 621 Maryland Avenue

Building Area Total5400.00
Car Parking Spaces
Land Assessed Value10500.00
Land Use Code
Lot Dimensions48.50 x 67.50
Lot Size Acres0.08
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $594,900
MLS#DENC2075908
List Date 02/11/2025
Property Type Commercial
Phone 703.929.4729
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