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Listed by Ms. Yasmin Bowman • Tesla Realty Group, LLC
$289,900
Est. payment /mo
4,356 Sqft Lot
Active
1330 READ ST Wilmington, DE 19805
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Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Subdivision Hedgeville
MLS Listing ID DENC2107526
Year Built 1950
Annual Tax Amount $4,319
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Exceptional Development Opportunity!
URGENT UPDATE FOR DEVELOPERS!!!: City of Wilmington - Affordable Housing Development Subsidy Funds of $8.4 million Available NOW!!! DEADLINE FOR APPLICATIONS - AUGUST 31ST, 2026! See attached qualifications sheet or inquire with the listing agent for details. This property 'may' qualify (buyer diligence required) for some of this grant.
This versatile, open lot offers multiple opportunities for value creation—ideal for building three contiguous townhomes or condos, developing a multi‑family apartment building, or continuing its current use as income‑producing garages and storage units.
The property presently features FIVE garages, including two double‑wide units, along with a small front office/storage area equipped with a toilet and sink. A secure front gate provides controlled access, and recent improvements include a new roof and updated gutters. The site also benefits from an attractive hilltop vantage point with views overlooking the city.
Buyers are encouraged to conduct their own due diligence regarding zoning, development feasibility, and potential uses.
URGENT UPDATE FOR DEVELOPERS!!!: City of Wilmington - Affordable Housing Development Subsidy Funds of $8.4 million Available NOW!!! DEADLINE FOR APPLICATIONS - AUGUST 31ST, 2026! See attached qualifications sheet or inquire with the listing agent for details. This property 'may' qualify (buyer diligence required) for some of this grant.
This versatile, open lot offers multiple opportunities for value creation—ideal for building three contiguous townhomes or condos, developing a multi‑family apartment building, or continuing its current use as income‑producing garages and storage units.
The property presently features FIVE garages, including two double‑wide units, along with a small front office/storage area equipped with a toilet and sink. A secure front gate provides controlled access, and recent improvements include a new roof and updated gutters. The site also benefits from an attractive hilltop vantage point with views overlooking the city.
Buyers are encouraged to conduct their own due diligence regarding zoning, development feasibility, and potential uses.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Christina
Others
Tax ID 26-034.30-099
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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