Waterfront - Seller Financing
Address
621 Maryland Avenue Wilmington, DE
Price
$ 675,000
Property Attributes
- MLS#DENC491604
- TypeCommercial
- CountyNEW CASTLE
- CityWilmington
- AreaWilmington
- NeighborhoodWILM #27
- Zip19805
- StyleRestaurant/Bar
- Year Built1940
- Taxes1632
- Price$ 675,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3400
- Lot Size3,485 SqFt
Listing Provided Courtesy Of:
RE/MAX Edge
Property Description
A Wilmington landmark sub shop and restaurant for sale called Maryland Ave Sub Shop. Successful business started in 1978. Great location just minutes from I-95, booming Riverfront district, and popular Frawley Stadium (home of the popular minor league baseball team called the Blue Rocks and very loyal customers of Maryland Ave Sub Shop). Sale includes all equipment, 2 rental apartments above restaurant, 2 fee simple townhomes valued just under $100,000 each (1003 Beech St next door to Sub Shop and 105 Beech St which were updated in 2018), warehouse on side, new kitchen, and all the inventory. Sellers will hold private mortgage with 20% down-payment, 5% fixed rate based on 15-year mortgage with balloon payment after 5 years. Business financials will be disclosed upon request to qualified buyers and daily receipts too. See under documents the property description of fee simple townhomes that are included in sale (103 Beech St and 105 Beech St) and also the menu of Maryland Ave Sub Shop. See letter from Cit of Wilmington of proposed apartment site across street. Hurry to see this money making business now! Gross receipts per week around $10,000. Only opens to 6 PM and closes on Sunday, great potential to increase sales too
| Price History | |
|---|---|
| 12/3/2019 | Listed $675,000 |
General Features
| Acceptable Financing | Conventional, Seller Financing |
|---|---|
| Accessibility | None |
| Business Type | Restaurant/Bar |
| Construction Materials | Brick |
| Cool Fuel | Natural Gas |
| Cooling | Central A/C |
| County | NEW CASTLE |
| Days on Market | 408 |
| Electric | Circuit Breakers |
| Exclusions | Personal property of Seller |
| Heating | Forced Air |
| Legal Subdivision | WILMINGTON |
| MLS Area | Wilmington (30906) |
| New Construction | No |
| Ownership | Fee Simple |
| Possession | Immediate |
| Price Per Sq Ft | 125.0 |
| Property SubType | Retail |
| Property Type | Commercial Sale |
| Real Estate Owned Y/N | No |
| Roof | Flat |
| Security Features | 24 hour security, Security System, Smoke Detector |
| Sewer | Public Sewer |
| Subdivision Name | WILM #27 |
| Tax Annual Amount | 1632.0 |
| Tax Lot | 534 |
| Tax Year | 2020 |
| Vacation Rental Y/N | No |
| Water Access Y/N | No |
| Zoning | 26C-2 |
Interior Features
| Central Air Y/N | Yes |
|---|---|
| Heating Fuel | Electric, Natural Gas |
| Heating Y/N | Yes |
| Hot Water | Natural Gas |
Exterior Features
| Building Area Total | 5400.00 |
|---|---|
| Inclusions | All equipment, furniture, ovens, stoves, appliances, etc. Everything in restaurant and stock too. |
| Lot Dimensions | 48.50 x 67.50 |
| Lot Size Acres | 0.08 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 3485.00 |
| Navigable Water Y/N | No |
| Type of Parking | None |
| Water Oriented Y/N | No |
| Water Source | Public |
| Water View Y/N | No |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 19805
Price
Taxes
Visits
Year Built
Walkscore
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