Mixed-Use Property with Liquor Store and Vacant Unit in Wilmington, DE

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Financial Details

Asking Price:
$349,000
Annual Revenue:
$31,920
Cash Flow / SDE:
$25,340
Profit Metric:
NOI
Valuation Multiple:
13.8x
Location:
Wilmington, DE, US
Source:
Date:
September 15, 2025

Key Highlights

Prime corner location in Wilmington, DE, featuring two properties.
Includes a stable, income-generating liquor store with a long-term tenant and a vacant 2-bedroom unit for potential rental income.
Excellent investment opportunity with potential for significant passive rental income.

Description

This listing presents a unique investment opportunity in Wilmington, Delaware, featuring two properties offered as a single package. The combined offering includes 119 S Harrison Street, a well-established liquor store with a reliable, long-term tenant who handles their own repairs and provides consistent rental income with annual increases. The property owner is responsible for taxes, insurance, and roofing. Adjacent to this is 117 S Harrison Street, a vacant 2-bedroom, 2-bathroom unit that was previously rented for $1,200/month, offering immediate potential for updates and increased rental income. Together, these properties are situated on a prime corner and can generate substantial passive rental income, making it an excellent addition to an investment portfolio. The sale is 'AS IS'.

Industry Information

Industry Description:
Mixed Use Real Estate
Classification:
Building & Construction

Real Estate & Lease

Status:
Included

Broker Contact

Name:
Sara Chan
Phone:
215-528-9928

Listing Details

Listing ID:
469aa544-2165-49ad-97f5-51b8a138ea21
Source Listing ID:
2367671
Deal Status:
For Sale
Last Updated:
September 15, 2025
Currency:
USD

Features & Tags

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