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621 Maryland Ave

$594,900

621 Maryland Ave, Elsmere, DE 19805

Active
Last Updated: 06/30/2025

5,400 sqft

Building Size

1940

Year Built

Details:
Building Size:    5,400 sqft
Year Built:    1940
Price Per Sqft:    $110.17
Zoning:    26C-2
Highlights:
  • Days on Market: 140
  • Heating: Forced Air
Description:

Introducing 621 Maryland Ave in Wilmington—a prime investment opportunity that seamlessly blends commercial and residential income streams. This versatile property boasts a bustling restaurant on the ground level, secured by a long-term lease generating a reliable $2,800 per month. Ascend to the second floor, where two inviting 2-bedroom apartments are tenant-occupied, providing additional monthly income of $950 and $925 respectively.

This property not only offers immediate returns but also the potential to enhance your portfolio when purchased as part of a comprehensive investment package with 1003 and 1005 Beech St (MLS #DENC2075898 & DENC2075904). Ideally situated in a dynamic area of Wilmington, 621 Maryland Ave provides both stability and growth, making it an exceptional opportunity for discerning investors. Contact us today to explore the full potential of this income-producing asset.

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