227 N Maryland Ave is a $590,000 home on a 0.16 acre lot located in Wilmington, DE.
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! NOTE: The heater and AC in the restaurant belongs to the tenant.
| Appliances | Hot Water - Electric |
| Interior Features | Accessibility Features - None |
| Cooling Types | Window Unit(s) Cooling Fuel - Electric |
| Heating Types | Heating Fuel - Electric Heating - Yes |
| # Parking Spaces | 6 |
| Parking Types | Parking Type - Lot |
| Construction Types | Stucco |
| Land Type | Lot Features - Corner |
| Water Source | Public |
| Sewer | Public Sewer |
| Property Type | Commercial Sale |
| Property Sub Type | Five Or More Units |
| Style | Business Type - Apartment Building Standard Fee Simple Grocery/Supermarket |
| Year Built | 1925 |
| HOA Fee | $0.00 |
| Condo Fee | $0.00 |
| Taxes | $1,939.00 |
| County | new castle |
| School District | red clay consolidated |
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