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    621 Maryland Avenue

    WILMINGTON, DE 19805
    • $675,000
    • STATUS: Active
    • ON SITE: 297 days
    • ID#: DENC491604
    UPDATED: 204 min ago
    $675,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1940
    County:

    School Ratings & Info

    School District:

    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

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-24T23:50:45.31.
    www.barrowsandassociates.com/homes/101383778
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    621 Maryland Avenue WILMINGTON, DE 19805

    • Price: $675,000
    • Status: Active
    • Updated: 204 min ago
    • ID#: DENC491604
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1940
    Built
    Neighborhood:
    Wilm #27
    County:
    New Castle
    Area:
    Wilmington (30906)
    School District:
    Christina
    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
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types None Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 5400.00 Cooling Central A/C Exclusions Personal Property Of Seller Heating Forced Air Heating YN Yes Inclusions All EquipmentFurnitureOvensStovesAppliancesEtc. Everything in Restaurant And Stock Too. Net Square Feet 3400.00 Security Features 24 Hour SecuritySecurity SystemSmoke Detector

    Property Features

    Acceptable Financing ConventionalSeller Financing Accessibility Features None Assessment Year 2020 Association YN No Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Natural Gas Electric Circuit Breakers Heating Fuel ElectricNatural Gas Hot Water Natural Gas Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 302170387583 Ownership Interest Fee Simple Possession Immediate Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 1632.00 Tax Assessment Amount 77300.00 Tax Lot 534 Vacation Rental YN No Water Source Public Zoning 26C-2

    Listing courtesy of Re/Max Edge.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-24T23:50:45.31.
     
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    Barrows and Associates | Ocean Atlantic Sotheby's International Realty
    18949 Coastal Highway Suite 304
    Rehoboth Beach DE, 19971