416 N Union Street

Wilmington, DE
$ 225,000 Beds 0 Baths 0 Sq 1,000 Virtual Tour
Monthly Estimate* How much can I afford?

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 kitche, unit was recently remodeled, it features private entrance, separate utilities with Central Air, currently it is rented for $950.00 per month. with a one year Lease through 7/31/2021. 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.

Commercial

  • Price
  • $ 225,000
  • Lot Size
  • 1,307 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 1,000
  • Full Bathrooms
  • 0
  • Year Built
  • 1918
  • Half Bathrooms
  • 0
  • City, Zip
  • Wilmington
  • Taxes
  • 734
  • County
  • NEW CASTLE
  • Style
  • Apartment Building,Day Care Facility,Convenience S
  • Area
  • Wilmington
  • MLS#
  • DENC496538
  • Zip
  • 19805
Listing Provided by: RE/MAX Associates-Newark

Features

General

Acceptable Financing Cash, Lease Purchase, VA
Accessibility None, 2+ Access Exits
Business Type Apartment Building, Day Care Facility, Convenience Store/Gas, Hair Salon and Spa, Professional, Other
Construction Materials Brick, Copper Plumbing, Glass, Metal Siding
Cool Fuel Electric
Cooling Ceiling Fan(s), Heat Pump(s), Window Unit(s), Zoned
County NEW CASTLE
Electric Circuit Breakers
Exclusions personal property
Heating Baseboard - Hot Water
MLS Area Wilmington (30906)
New Construction No
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 1125.0
Property SubType Mixed Use
Property Type Commercial Sale
Real Estate Owned Y/N No
Sewer Public Sewer
Tax Year 2019
Vacation Rental Y/N No
Water Access Y/N No
Zoning 26C-2
Zoning Description Mixed use: Restaurant/ Bar/Tavern, Food MarketBarber/Beauty, Clothing/Retail, Convenience/Liquor storeProfessional Service

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas, Electric
Heating Y/N Yes
Hot Water Natural Gas
Total Restrooms 1

Exterior Features

Building Area Total 200.00
Lot Dimensions 18.00 x 80.00
Lot Features Rear Yard
Lot Size Acres 0.03
Lot Size Source Assessor
Lot Size Square Feet 1307.00
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Hillsborough, NJ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/4/2020 Listed $225,000

Property vs Zip Code Average in 19805

Price
AVG $310K
$230K
Taxes
AVG $1,784
$734
Visits
AVG 28
26
Year Built
AVG 1932
1918
Walkscore
AVG 80
88
Data Provided by Walkscore ® not using MLS data

Map

416 N Union Street Wilmington, DE is a Single Family Home for sale at $225000 with 1000 sqft and a lot size of 1,307 SqFt Acre(s). 416 N Union Street Wilmington has 0 bedrooms, 0 baths and was built in 1918. The property's zip code is 19805 which is in Wilmington, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.