Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Frame

  • Parking

    On Street, Private, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.08

  • Lot Size(square feet)

    3,485

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $899,900

  • Tax Amount

    $10,108

  • Zoning

    Commercial

  • Sq. Footage

    3,485

  • Price/SqFt

    $258

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Tax Lot

    312

  • Water Source

    Public

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Location

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NEW CASTLE

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Listing Courtesy of Tysha Jenkins-Henry, United Real Estate

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A rare opportunity to own an established Wilmington landmark with exceptional redevelopment and business potential. Operating since 1972, Leroy's Lounge has served the community for decades and is now ready for its next chapter.

The sale includes the commercial building, the established bar, adjacent package store, a valuable Delaware Off/On Tap liquor license, and approximately nine additional city lots currently utilized for parking, providing ample space for customers and future possibilities. The first floor features a spacious oval bar, package store, storage areas, and restrooms, while the upper level offers additional space ready for renovation or expansion to suit your vision.

Whether you're looking to continue the existing business, create a new entertainment venue, or invest in a unique commercial property with additional land, this offering presents outstanding potential. The transferable Off/On Tap liquor license is a highly sought-after asset that adds significant value to this opportunity.

Property is being sold As-Is. Buyer is responsible for conducting all due diligence regarding zoning, permitted uses, licensing requirements, and future development opportunities. Inventory may be available separately. Contact the listing agent for additional details and a private tour.

1300 N CLAYMONT STREET

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825 N.​ Market Street | Wilmington, DE 19801 - Exceptional mixed-use building and investment opportunity in the heart of Downtown Wilmington’s thriving business and entertainment district.​ This commercially zoned property is comprised of residential and commercial units as follows:  Six total units: one street-level commercial space currently leased to a restaurant and five upper-floor apartments comprised of one 2BR unit, three 1BR units, and one studio apartment.​ Positioned directly across from the landmark Grand Opera House and surrounded by many popular restaurants, offices, hotels, new residential development, and year-round entertainment, 825 N.​ Market Street offers prime visibility and strong tenant appeal on one of the city’s most desirable blocks in the heart of the Downtown Wilmington business and entertainment center and "Development District.".   The ground-floor commercial space includes approximately 938 SF with a lease in place through 2028, while the residential units provide stable income with high occupancy.​ New roof and restaurant exhaust hood / stack installed in 2021.  Potential exists for value-add rental increases.​ Each unit benefits from individually allocated HVAC and water heaters, and tenants pay all utilities except cold water and sewer.​ Located within the city’s Development District and a federally designated "Opportunity Zone."  Located two blocks from Rodney Square, the landmark world-famous Hotel DuPont and the new Widener Law School and education center (Former MBNA Bank building complex) and walking distance to the popular Wilmington Riverfront.  This asset may also offer improvement incentive potential, subject to approval.​  Contact listing agent for lease schedules and operating income and expenses.
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