616 Union StWilmington, DE 19805

This exceptional mixed-use property, located at 616-618 N Union Street in Wilmington, Delaware, presents a compelling investment opportunity. The 7,862 square foot building, constructed in 1930, is a two-story structure situated on a 0.31-acre lot and boasts a spacious on-site parking area. Currently configured as a blend of office and retail space, the first floor comprises approximately 3,391 square feet, currently generating a scheduled monthly income of $5,813.79 from a restaurant tenant. The second floor offers two separate office/studio suites, each approximately 1,965 square feet, totaling an additional 3,391 square feet. The property is zoned C-2 (City of Wilmington), allowing for flexible usage and future development potential. The building's prime location within a vibrant commercial corridor ensures excellent visibility and accessibility, making it an attractive proposition for both tenants and customers. The asking price is $999,900, with an occupancy date of December 4, 2024. This property offers a strong blend of immediate income generation and long-term growth potential in a desirable Delaware location. The building's size, parking, and flexible zoning make it a versatile asset suitable for a variety of uses and investment strategies.