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