Prime redevelopment opportunity in a growing Wilmington corridor. This 4,701 square foot commercial building, originally constructed in 1960, offers significant upside for investors and developers seeking a value-add project. The property requires substantial renovation but presents a strong foundation for repositioning. Zoning and layout may support a residential conversion of 10+ units, with the potential for a higher unit count depending on design and approvals (buyer to verify; variance likely required). The site offers flexibility for those looking to explore ways to maximize density and overall value. Ideal for experienced investors looking to capitalize on Wilmington’s rental demand and redevelopment trends. Property is being sold strictly as-is. Bring your vision and unlock the full potential of this sizable asset.
Listed By
Agency Name: Compass
Agency Phone: 3022029855
Shown By
Agent Name: Rich & Lisa Small
Agent Phone: (484) 388-9259
Agency Title: RealtyMark
Estimated Payment
$ 1,852.67 per month $1,001.50 Principal & Interest $719.92 Property Tax $131.25 Homeowner's Insurance
109 Stroud Street | MLS# DENC2101236
This multi-family property located at 109 Stroud Street , Wilmington, DE 19805 is currently listed for sale with an asking price of $450,000. Stroud Street is located within the CHRISTINA school district. Search Wilmington real estate on www.richsmallteam.net today.