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    416 N Union Street

    WILMINGTON, DE 19805
    • $225,000
    • STATUS: Active
    • ON SITE: 201 days
    • ID#: DENC496538
    UPDATED: 42 min ago
    $225,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1918
    County:

    School Ratings & Info

    School District:

    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'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.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-21T23:49:35.987.
    www.allisonstineteam.com/homes/103829433
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    416 N Union Street WILMINGTON, DE 19805

    • Price: $225,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: DENC496538
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1918
    Built
    Neighborhood:
    Wilmington (30906)
    County:
    New Castle
    Area:
    Wilmington (30906)
    School District:
    Red Clay Consolidated
    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'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.
    Exterior Features

    Construction Materials BrickCopper PlumbingGlassMetal Siding Garage YN No Lot Features Rear Yard Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 200.00 Cooling Ceiling Fan(S)Heat Pump(S)Window Unit(S)Zoned Exclusions Personal Property Heating Baseboard - Hot Water Heating YN Yes Net Square Feet 1000.00

    Property Features

    Acceptable Financing CashLease PurchaseVa Accessibility Features None2+ Access Exits Assessment Year 2019 Association YN No Business Type Apartment BuildingDay Care FacilityConvenience Store/GasHair Salon And SpaProfessionalOther Central Air YN No Cooling Fuel Electric Electric Circuit Breakers Heating Fuel Natural GasElectric Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304048597448 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 734.00 Tax Assessment Amount 34500.00 Tax Lot 141 Vacation Rental YN No Water Source Public Zoning 26C-2 Zoning Description Mixed Use: Restaurant/ Bar/TavernFood Marketbarber/BeautyClothing/RetailConvenience/Liquor Storeprofessional Service

    Listing courtesy of Re/Max Associates-Newark.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-21T23:49:35.987.
     
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    The Allison Stine Team with Northrop Realty a Long and Foster Company
    37077 Coastal Highway
    Fenwick Island DE, 19944