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2300 N Market St, Wilmington, DE, 19802

2beds
1baths
2,187sqft
$450,000
$206price/sqft
$2,971/moest. monthly cost
$118,840/yrincome needed

About This Home

Exceptional opportunity to acquire a well-located mixed-use property in Wilmington, Delaware, featuring a long-standing, income-producing commercial business and a spacious residential unit above—ideal for investors, owner-operators, or live-work buyers. The street-level commercial space is home to a well-known, established liquor store brand, named after the original owner of the building and recognized throughout the surrounding area. The business has a documented history of strong performance, generating approximately $400,000–$500,000 in annual gross revenue from 2017–2024, reflecting consistent demand and a loyal customer base. The liquor license is included with the sale, allowing a new owner to continue operations seamlessly under an established name, or reposition the space while retaining the valuable license. Above the commercial space is a large 4-bedroom residential unit, offering the flexibility to live above your business, house a manager, or rent the unit separately for additional income—a powerful advantage for offsetting living expenses or maximizing overall returns. Situated on North Market Street, a high-visibility corridor with convenient access to downtown Wilmington, major employment centers, and surrounding neighborhoods, this property benefits from both traffic exposure and neighborhood stability. Key Highlights: Mixed-use commercial and residential building Established liquor store with strong historical revenue Well-known local brand named after the building’s original owner Liquor license included with sale Residential unit provides live-work or rental income options Prime North Market Street location with excellent visibility This property represents a rare chance to acquire a cash-flowing mixed-use asset with a recognized local business, built-in income, and long-term upside, making it attractive to both seasoned investors and owner-operators seeking stability and flexibility.

Getting Around

81
WalkingVery Walkable
51
TransitGood Transit
53
BikeBikeable

Schools

8/10
4/10
Springer Middle SchoolGrades 6-83.5 mi
9/10
Brandywine High SchoolGrades 9-123.4 mi

Construction

Condition

  • Year built: 1973

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Basement

  • Area: 1687

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area below ground: 1,687
  • Finished area above ground: 500

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 2,187
  • Total interior livable area: 2,187 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 26022.30339
  • Zoning: 26R-3 & 26C-1
  • Zoning description: Zoned 26R-3 / 26C-1 per New Castle County, allowing mixed-use with street-level commercial and residential above.
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 2,178 sqft
  • Lot size dimensions: 18.50 x 126.20

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Cold Wave
Tsunami

FEMA Declared Disasters Across Delaware Counties

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,275$27,300
Home Insurance *$175$2,100
Property Taxes $270$3,240
Electricity $251$3,021
Total$2,971$35,652
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$101,862/yr
40% on housing$89,130/yr
45% on housing$79,226/yr

Delaware FAIR Plan Programs

Insurance Placement Facility of Delaware

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,170Commercial: 57
Total Premiums$607,000
Total Exposure$249.53M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.0%
7.0%
0%30.0%
Electricity Growth Rate10-year average: 8.7%
8.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$206This listing

vs Other Active Listings

Avg $/sqft

ZIP 19802$117
New Castle County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 19802$191
New Castle County$218

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-11Price change$465,000
2026-02-05Price change$470,000
2026-01-15Listed for sale$495,000

For Sale by Agent

AgentMichael Mulski
BrokerageCrown Homes Real Estate

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