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621 MARYLAND AVEPending

Wilmington, DE 19805

0

675000-100.0%

-1Bed

-1Bath

-1SqFt


UPDATED

 

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Pending

Purchase Type For Sale

Lot Size 3,485 Sqft

Year Built 1940

MLS Listing ID DENC491604

Subdivision Wilm #27

Short Sale No

HOA Y/N N

Originating MLS BRIGHT

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

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26C-2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Inclusions All equipment, furniture, ovens, stoves, appliances, etc. Everything in restaurant and stock too.

Heat Source Electric,Natural Gas

Exterior

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type None

Garage N

Building

Lot Dimensions 48.50 x 67.50

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Christina

Others

Tax Amount $1,632

Tax Year 2020

Tax ID 26-042.10-534

Ownership Fee Simple

SqFt Source Assessor

Security Features 24 hour security,Security System,Smoke Detector

Acceptable Financing Conventional,Seller Financing

Special Sale Standard

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Listing provided by RE/MAX Edge

Nearby School & Properties

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PROPERTY HISTORY

Date Event Price Source

    Neighborhood Demographic

    Lenny Ginchereau Compass Real Estate

    Lenny Ginchereau

    Agent | License ID: 0227183

    856-214-2639,856-904-1884

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