
The Donna Watson Team/ Remax Twin Counties
115 N. Washington Street
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3024224271621 MARYLAND AVEWilmington, DE 19805PendingSave
-1BD
-1BA
-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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Neighborhood Demographic
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