1402 N Market St

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1402 N Market St

Wilmington, DE 19801
Asking Price
Contact for price
Asset Type
Religious/Church Special-purpose
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Special-purpose religious building available for purchase in Wilmington
  • Facility features 8,678 square feet of interior space
  • Property occupies a 0.20-acre parcel of land
  • Constructed as a one-story masonry structure
  • Zoned 26C-4 for appropriate municipal land use

What's Special

This special-purpose religious property at 1402 N Market St in Wilmington, Delaware, is currently for sale and suits an organization seeking a standalone facility in an urban environment. The one-story masonry building spans 8,678 square feet and sits on a 0.20-acre parcel. Its current configuration provides a flexible footprint for religious services, community outreach programs, or institutional use. Wilmington serves as a key economic hub in the Mid-Atlantic region, known for its significant concentration of financial services and legal firms. This location places the property within a dense community setting with access to regional transportation corridors. Prospective buyers may find the 26C-4 zoning designation accommodating for continued assembly or alternative special-purpose applications. The site offers a functional layout suitable for a range of organizational needs within the growing city market.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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