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1211 N KING ST Wilmington, DE 19801
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Key Details
Sold Price $249,900
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 2,570 sqft
Price per Sqft $97
MLS Listing ID DENC2037256
Sold Date 03/31/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,692
Tax Year 2022
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 16.70 x 100.30
Property Description
Great opportunity to own this end-unit property in a prime location on Lawyer’s Row in Downtown Wilmington. Located on the same block as the Legal Arts building and nestled among corporate high-rises, this property offers: Flexible 26C-4 Zoning, Extra-long building with 2570 sq ft across 2 floors, Low maintenance brick exterior, Newer windows and New HVAC 2022. FIRST FLOOR features 5 rooms/offices, 1 bathroom, Access to basement, and a $1400 lease (CPA Firm) in place through 12/31/2023. SECOND FLOOR includes 6 rooms/offices, 1 Bathroom, Front room with Built-in, and is currently vacant with great leasing potential. The new owner of this property could be a business owner using just the second floor or the whole building once the current lease ends, or an investor who rents out the second floor and has immediate positive cash flow. There are plenty of options in this great location - from business & professional to an Airbnb. Grow with this area as multiple million-dollar projects have occurred here in the last 5 years.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26C-4
Interior
Hot Water Electric
Heating Baseboard - Electric, Forced Air
Cooling Wall Unit, Window Unit(s), Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Septic
Water Public
New Construction N
Schools
School District Christina
Others
Tax ID 26-028.40-188
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with TIA R SEWELL-CRUMPLER • RE/MAX Associates - Newark