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    1111 Wilmington Road

    NEW CASTLE, DE 19720
    • $250,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: DENC512770
    UPDATED: 48 min ago
    $250,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    School District:

    Description

    Excellent opportunity to acquire this all brick, single detached building in New Castle proper. Located on heavily traveled artery into and out of the City of Wilmington, Olde New Castle/New Caslte areas and between major highways 113 and 295. Improvements are sited high up on a corner lot with plenty of presence and visibility. Shared driveway out back for off street as well as side and front on street parking for patrons. Building is in solid mechanical condition and features cosmetic modernization. Currently utilized as a salon with main floor waiting area, multiple private chair rooms with hair drying and washing stations. Main level is serviced with half bathroom. Lower level is finished and can be accessed both inside via a spiral stair case and outside private entrance as well. Lower level features three rooms with chairs and two half bathrooms. Current tenant is interested in staying on for new owner making this essentially a turn-key investment. Excellent candidate for a 1031 Exchange to start fresh with depreciation coupled with a healthy positive cash flow. Perfect to add to an existing portfolio or to anchor the beginning of one!

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Coast & Country. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-11-26T23:52:40.647.
    www.remaxcoastandcountryeasternshore.com/homes/111680311
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    1111 Wilmington Road NEW CASTLE, DE 19720

    • Price: $250,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: DENC512770
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1948
    Built
    Neighborhood:
    New Castle/Red Lion/Del.City (30904)
    County:
    New Castle
    Area:
    New Castle/Red Lion/Del.City (30904)
    School District:
    Colonial
    Property Description
    Excellent opportunity to acquire this all brick, single detached building in New Castle proper. Located on heavily traveled artery into and out of the City of Wilmington, Olde New Castle/New Caslte areas and between major highways 113 and 295. Improvements are sited high up on a corner lot with plenty of presence and visibility. Shared driveway out back for off street as well as side and front on street parking for patrons. Building is in solid mechanical condition and features cosmetic modernization. Currently utilized as a salon with main floor waiting area, multiple private chair rooms with hair drying and washing stations. Main level is serviced with half bathroom. Lower level is finished and can be accessed both inside via a spiral stair case and outside private entrance as well. Lower level features three rooms with chairs and two half bathrooms. Current tenant is interested in staying on for new owner making this essentially a turn-key investment. Excellent candidate for a 1031 Exchange to start fresh with depreciation coupled with a healthy positive cash flow. Perfect to add to an existing portfolio or to anchor the beginning of one!
    Exterior Features

    Construction Materials BrickConcreteStick BuiltWood Siding Garage YN No Location Type Corner Lot/Unit Other Equipment See Remarks Parking Features Paved Parking Parking Types On StreetDriveway Property Condition Good Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 1250.00 Cooling Central A/C Exclusions Tenant Personal Property Flooring Ceramic TileLaminated Heating Forced Air Heating YN Yes Inclusions Contact Agent Net Square Feet 1500.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Association YN No Business Type Hair Salon And Spa Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Ground Rent Payment Frequency Annually Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304387058254 Owner Pays InsuranceTaxes - Real Estate Ownership Interest Fee Simple Possession Immediate Property Sub Type Services Sale Type Standard Sewer Public Sewer Tax Annual Amount 744.00 Tax Assessment Amount 48900.00 Tax Lot 023 Total Actual Rent 21600.00 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileCommuter Rail Station 1 To 5 Miles Vacation Rental YN No Water Source Public Zoning 21R-1

    Listing courtesy of Alliance Realty.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Coast & Country. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-11-26T23:52:40.647.
     
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    Delmar DE, 19940