Wilmington, DE 19805,416 N UNION ST
Wilmington, DE 19805,416 N UNION ST
Wilmington, DE 19805,416 N UNION ST
$200,000
Est. payment /mo
$225,000
11.1%
Est.Price: ?

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200 SqFt
SOLD DATE : 09/03/2021

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

Waterfront N

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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Bright MLS (BMLS)
Listed by Joseph W Berchock • RE/MAX Associates - Newark
Bought with Heather Sinclair • Empower Real Estate, LLC

Don Perrin

Agent | License ID: 0225222228

+1(703) 819-4655

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