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Listed by Michael Mulski • Crown Homes Real Estate
$ 495,000
Est. payment | /mo
2,178 Sqft Lot
$ 495,000
Est. payment | /mo
2,178 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DENC2095790
Year Built 1973
Annual Tax Amount $5,534
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 18.50 x 126.20
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Offered for sale is a well-located mixed-use commercial property featuring a long-established, operating liquor store at street level and a spacious residential unit above, providing multiple income streams and flexible ownership strategies.
The ground-floor commercial space is occupied by a recognized, long-standing liquor store brand, named after the original owner of the building, with deep neighborhood recognition and repeat customer traffic. The business has demonstrated consistent historical performance, with gross revenues averaging approximately $400,000–$500,000 annually from 2017 through 2024. Liquor license is included in the sale, offering immediate operational continuity and eliminating the time and uncertainty typically associated with license acquisition.
The upper-level residential unit offers additional value and flexibility, suitable for owner-occupancy, on-site management housing, or separate rental income. This configuration supports live-work use, partial owner occupancy, or full investment operation, allowing buyers to tailor the asset to their business or investment model.
Located along North Market Street, a well-traveled corridor with strong visibility and access to downtown Wilmington, surrounding residential neighborhoods, and major employment centers, the property benefits from steady traffic counts and neighborhood demand.
Investment Highlights
Mixed-use commercial + residential asset
Operating liquor store with proven multi-year revenue history
Established local brand with long-term goodwill
Liquor license conveyed with sale
Residential unit enhances cash flow and operational flexibility
Suitable for owner-operator or investor ownership
Prime Wilmington location with strong visibility and access
This offering presents a rare opportunity to acquire a stabilized mixed-use property with an operating business, transferable license, and additional residential income, making it well suited for investors seeking durable cash flow or operators looking to own both the business and real estate.
The ground-floor commercial space is occupied by a recognized, long-standing liquor store brand, named after the original owner of the building, with deep neighborhood recognition and repeat customer traffic. The business has demonstrated consistent historical performance, with gross revenues averaging approximately $400,000–$500,000 annually from 2017 through 2024. Liquor license is included in the sale, offering immediate operational continuity and eliminating the time and uncertainty typically associated with license acquisition.
The upper-level residential unit offers additional value and flexibility, suitable for owner-occupancy, on-site management housing, or separate rental income. This configuration supports live-work use, partial owner occupancy, or full investment operation, allowing buyers to tailor the asset to their business or investment model.
Located along North Market Street, a well-traveled corridor with strong visibility and access to downtown Wilmington, surrounding residential neighborhoods, and major employment centers, the property benefits from steady traffic counts and neighborhood demand.
Investment Highlights
Mixed-use commercial + residential asset
Operating liquor store with proven multi-year revenue history
Established local brand with long-term goodwill
Liquor license conveyed with sale
Residential unit enhances cash flow and operational flexibility
Suitable for owner-operator or investor ownership
Prime Wilmington location with strong visibility and access
This offering presents a rare opportunity to acquire a stabilized mixed-use property with an operating business, transferable license, and additional residential income, making it well suited for investors seeking durable cash flow or operators looking to own both the business and real estate.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3 & 26C-1
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Brandywine
Others
Tax ID 26-022.30-339
Ownership Fee Simple
Special Listing Condition Standard
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