833 N MARKET ST, Wilmington, DE 19801
833 N MARKET ST, Wilmington, DE 19801
833 N MARKET ST, Wilmington, DE 19801
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Stacey Caito

Stacey Caito

+1(703) 957-9643
Listed by Rob Harrison • Harrison Properties, Ltd.
$1,050,000
Est. payment /mo
2,178 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID DENC2107156

Style Other

Year Built 1928

Annual Tax Amount $12,804

Tax Year 2025

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Other

Source BRIGHT

Property Description

Presenting to you the Historic Farmers Mutual Building in Downtown Wilmington, DE, this mixed-use piece of real estate, with 26C-3 zoning, is equipped with approvals for a 57-seat restaurant and a lower-level speakeasy. Share the neighborhood with household names such as La Fia, Bardea, Le Cavalier and more. Upstairs: 4 fully occupied two-bedroom apartments. Renovated in 2020, these industrial-chic floorplans display 15 ft ceilings, exposed brick, plus open duct, beam and woodwork for a lofted, urban appeal. Situated on a main commerce street among Christiana Care, Widener Law and the city's corporate hub. Generating upwards of $91,000 in annual residential revenue, the pro forma projects a prospective double-digit capitalization rate with an establishment in place. Done with love, reach out for details on the brand-new plumbing, HVAC and electrical fit-out with separated systems. For those who have lost hope in real returns, for business operators, and for investors looking to complete an exchange, this is an optimal addition to your portfolio.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26C-3

Rooms

Basement Poured Concrete, Outside Entrance, Walkout Stairs, Interior Access

Interior

Interior Features Ceiling Fan(s), Elevator, Exposed Beams, Primary Bath(s), Sprinkler System, Upgraded Countertops

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Luxury Vinyl Plank

Fireplace N

Heat Source Electric

Exterior

Water Access N

Roof Type Rubber

Accessibility Elevator

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Structure Type Beamed Ceilings,Brick,Dry Wall,Wood Ceilings

New Construction N

Schools

School District Christina

Others

Tax ID 26-035.20-085

Ownership Fee Simple

Security Features Fire Detection System

Special Listing Condition Standard

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Bright MLS (BMLS)

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Stacey Caito

Stacey Caito

+1(703) 957-9643

Agent | License ID: 0225222157

Agent License ID: 0225222157

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