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Welcome to 227 N. Maryland Ave, Wilmington Delaware - a prime commercial real estate opportunity! This unique property boasts a 6-unit apartment building with one retail unit, home to the thriving and popular Mexican restaurant, Burrito Bandido. Situated in a highly desirable location, this property presents an excellent investment opportunity for those seeking to capitalize on the growing demand for commercial real estate in New Castle County Delaware. The apartments are spacious and well-maintained, offering residents a comfortable and convenient living experience. The retail unit, home to Burrito Bandido, is a well-established restaurant that has been serving the community for 18 years. The restaurant has a loyal customer base and has garnered an excellent reputation for its delicious food, welcoming atmosphere, and attentive service. This property is an excellent opportunity for an investor seeking to generate stable income from multiple sources. The apartments provide consistent rental income, and the restaurant lease offers a stable and long-term tenant with a strong track record. The roof was replaced 6/16/2923. The location is also highly desirable, with easy access to public transportation and nearby amenities, including shopping centers and parks. Don't miss this chance to invest in a prime commercial real estate property in New Castle County Delaware. Contact us today to schedule a showing and see for yourself what this exceptional property has to offer! 2023 numbers are in and the property CAP Rate has increased to 8.69% NOTE: The heater / AC and ALL the restaurant equipment belong to the tenant.

Property Details of 227 N Maryland Avenue

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Listed by Bob Comegys of EXP Realty,LLC

Copyright 2024 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Bryce Lingo & Shaun Tull Team participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated April 13, 2024. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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