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Redevelopment Site

1402 N Market St, Wilmington, DE 19801, US

Posted Nov 7, 2023Updated 3 years ago

About this property

Investment Highlights

Located one block from Municipal Parking garage directly across Street From Park land and views of Brandywine River Major Office buildings within a block.

Executive Summary

Unique location for redevelopment for mixed use development, also located in OPPORTUNITY ZONE, and may be eligible for federal long term capitol gain tax reduction. s, located directly across the street from Hercules Building, H. Fletcher Brown Park the Brandywine River and its walkways, The Property is in the 26C4 (Central Office)zoning district allowing high rise building for Hotel / Office / Apartments / Condos with unobstructed view for miles.

The existing 8,700 sq. ft.. +/- building is occupied by a church that will be relocating late summer 2019 could be sold as is or subject to major redevelopment plan. possible assemblage with adjacent property.

Features

Not available: In City Limits, Building, Sub-dividable, Expandable, Land, Build To Suit, Shovel-Ready, Industrial Park, Business Park, 100-Year Flood Plain, Phase 1 Environmental Audit Complete

Utilities

Not available: Water, Sewer, Electric, Natural Gas, High Speed Telecom