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
AVG $230K
$680K
Taxes
AVG $1,415
$1,632
Visits
AVG 35
72
Year Built
AVG 1935
1940
Walkscore
AVG 79
81
Data Provided by Walkscore ® not using MLS data

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