Address
1111 Wilmington Road New Castle, DE
Price
$ 250,000
Property Attributes
  • MLS#DENC512770
  • TypeCommercial
  • CountyNEW CASTLE
  • CityNew Castle
  • AreaNew Castle-Red Lion-Del.City
  • Zip19720
  • StyleHair Salon and Spa
  • Year Built1948
  • Taxes744
  • Price$ 250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1500
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Alliance Realty
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!

Price History
11/7/2020 Listed $250,000

General Features

Acceptable Financing Cash, Conventional
Accessibility None
Business Type Hair Salon and Spa
Construction Materials Brick, Concrete, Stick Built, Wood Siding
Cool Fuel Electric
Cooling Central A/C
County NEW CASTLE
Electric 200+ Amp Service
Exclusions Tenant Personal Property
Flooring Ceramic Tile, Laminated
Heating Forced Air
Historic Y/N No
Legal Subdivision BALDTON
Location Type Corner Lot/Unit
MLS Area New Castle/Red Lion/Del.City (30904)
New Construction No
Ownership Fee Simple
Parking Features Paved Parking
Possession Immediate
Price Per Sq Ft 200.0
Property SubType Services
Property Type Commercial Sale
Property Use Investment
PropertyCondition Good
Real Estate Owned Y/N No
Roof Flat
Sewer Public Sewer
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning 21R-1

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Total Restrooms 3

Exterior Features

Building Area Total 1250.00
Car Parking Spaces 4
Fencing Y/n Yes
Inclusions Contact Agent
Lot Dimensions 60.30 x 108.00
Lot Size Acres 0.10
Lot Size Source Assessor
Lot Size Square Feet 4356.00
Navigable Water Y/N No
Road Frontage Length 60
Total Parking Spaces 4
Type of Parking On Street, Driveway
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 19720

Price
AVG $640K
$250K
Taxes
AVG $2,293
$744
Visits
AVG 58
1
Year Built
AVG 1939
1948

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