825-827 N WASHINGTON STREETWILMINGTON, DE 19801

Commercial · 0.14 Acres
$575,000 ACTIVE

825-827 N WASHINGTON STREET Overview

Time on Site:
511 days
Visits:
34

An exceptional opportunity awaits at 825-829 N Washington Street in the heart of Wilmington, DE. Nestled in a vibrant area, these two adjoining parcels offer a unique blend of classic charm and modern potential. Conveniently located near downtown Wilmington, major business districts, public transportation, and key commuter routes, this property provides an ideal setting for both commercial and residential use. Previously converted into office space by the owner to accommodate his business, the buildings feature an interior access door that seamlessly connects the two properties. 825-827 N. Washington features approximately seven offices per floor and a central bathroom. Both parcels are in good condition and ready for their next chapter, whether continuing as professional office space or undergoing a residential transformation. 829 N Washington Street is particularly well-suited for conversion back to a triplex, maintaining much of its original layout, while 825-827 N Washington Street also presents strong redevelopment potential and also has 6 parking spaces. Zoned 26C-4, both parcels offer the flexibility for various uses, though buyers should verify their intended plans with the city. This is a rare chance to own versatile, well-positioned real estate in one of Wilmington's most promising areas. Don't miss out on this prime investment opportunity! No rents in place.

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825-827 N WASHINGTON STREET Facts & Features

  • Type Commercial
  • Lot 0.14 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1900

Business Information

  • Business Type: Apartment Building,Professional

Location/Region

  • Country: US
  • County: NEW CASTLE
  • County Or Parish: NEW CASTLE
  • In City Limits: Yes
  • MLS Area Major: Wilmington (30906)

Parking Information

  • Total Parking Spaces: 6
  • Type of Parking: Parking Lot

Rent/Lease Information

  • Lease Considered: No

Tax Information

  • City/Town Tax: 5423.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 638.00
  • County Tax Payment Frequency: Annually
  • School Tax: 8150.00
  • Tax Annual Amount: $14,211.00
  • Tax Assessed Value: 252800.00
  • Tax Year: 2024

General Information

  • Property Condition: Good
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • School District Name: CHRISTINA
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2024
  • Zoning: 26C-4

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Assessor
  • Central Air: No
  • Hot Water: Other

General Information

  • Accessibility Features: None
  • Cooling: None

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Features: Road Frontage
  • Lot Size Acres: 0.14
  • Lot Size Dimensions: 43.40 x 145.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6098.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer
  • Water Access: No

825-827 N WASHINGTON STREET Neighborhood

Community

19801 (WILMINGTON) Demographics

33
Median Age
3,370
Population Density (per sq. mile)
23%
College Educated
$33,410
Estimated Median Income
1,970
Estimated Total Home Owners
5,061
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

825-827 N WASHINGTON STREET Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

825-827 N WASHINGTON STREET Market Data

Based on the last 30 days in this zip code

$270,938
Average List Price
$181
Average Price per Square Foot
16
Properties Sold
89
Average Days on Market
59
Properties for Sale
Calculations provided by Reliance Network

825-827 N WASHINGTON STREET History

Date Event Value Agent
3/31/2025Source: BRIGHT MLS Price Reduction
$575,000 -32.4%
3/3/2025Source: BRIGHT MLS Price Reduction
$850,000 -5.5%
2/3/2025Source: BRIGHT MLS Added to Database
February 03, 2025
Listing provided courtesy of Compass- MLS# DENC2075280MLS ProviderContact Information: [email protected] - 3022029855