1035 N Lombard St, Wilmington, DE 19801

Property Description

RARE MIXED-USE INVESTMENT OPPORTUNITY | COMMERCIAL STOREFRONT + TWO RESIDENTIAL UNITS | DOWNTOWN WILMINGTON Discover an exceptional mixed-use commercial and multifamily investment opportunity at 1035 N Lombard Street in Wilmington, Delaware. This versatile property features a ground-floor commercial storefront currently utilized as a liquor store, along with two residential apartments, creating three distinct spaces with multiple potential rental income streams. THREE DISTINCT SPACES | COMMERCIAL & RESIDENTIAL INCOME POTENTIAL The property consists of a street-level commercial retail space and two residential units: a spacious 3-bedroom, 1-bathroom apartment and a separate 1-bedroom, 1-bathroom apartment. This combination presents an attractive opportunity for real estate investors seeking diversified rental income from commercial and residential tenants. The property also offers potential for an owner-occupant to reside in one apartment while leasing the remaining spaces, subject to existing occupancy arrangements and applicable requirements. STRATEGIC COMMERCIAL LOCATION | ACCESS TO MAJOR TRAFFIC CORRIDORS Situated near N Lombard Street and E 11th Street, the property is conveniently positioned within Wilmington's established urban commercial and residential market. Nearby N Walnut Street recorded approximately 16,000–25,000 vehicles per day along its corridor in a 2019 traffic study, demonstrating substantial traffic activity in the surrounding area. This figure represents the nearby corridor, not the subject property's direct street frontage. The location provides convenient access to Downtown Wilmington's restaurants, bars, retail establishments, entertainment destinations, government buildings, and major employment centers. DENSE POPULATION | GROWING CONSUMER & RENTAL MARKET Published 2025 trade-area estimates identify approximately 30,699 residents within 1 mile and 198,098 residents within 5 miles, representing a substantial surrounding population base. The area includes approximately 12,659 households within 1 mile and 81,005 households within 5 miles, supporting the potential demand for neighborhood-serving commercial space and residential rental housing. Population projections indicate continued growth through 2030, further strengthening the property's long-term investment appeal. MAJOR EMPLOYMENT CENTERS & ONGOING REDEVELOPMENT Wilmington serves as a regional employment hub for financial services, healthcare, legal services, government, and professional businesses. The property offers access to major employment destinations, including ChristianaCare facilities, Downtown Wilmington corporate offices, and the Wilmington Riverfront. Continued investment in the Downtown Development District, residential revitalization, and the Riverfront East redevelopment initiative highlights ongoing public and private investment throughout Wilmington. MULTIFAMILY INVESTMENT | MIXED-USE PROPERTY | LIVE/WORK POTENTIAL Whether your strategy involves leasing all three spaces, maintaining a combination of commercial and residential tenants, or occupying one residential unit while generating rental income from the others, this property offers flexibility for a variety of real estate investment strategies. Convenient access to I-95, Wilmington's Amtrak/SEPTA station, downtown amenities, and surrounding residential neighborhoods further enhances its appeal. Secure a mixed-use real estate asset offering commercial versatility, two residential rental units, and long-term investment potential in Wilmington, Delaware. REAL ESTATE ONLY: The existing liquor-store business, liquor license, inventory, and business assets are not included in the sale. Prospective purchasers should independently verify leases, occupancy, income, expenses, zoning, and permitted uses.