- For Sale $875,000
- Property Type Multi-Family
- Property Size 100,000 SF
- Units 35
- Lot Size 0.35 Acre
- Date Updated Mar 2, 2026
Description
Wilmington, DEWilmington River Views, once constructed, is envisioned to be a high-end boutique apartment development consisting of 35 Units. Wilmington, Delaware has demonstrated strong revitalization over the past 10 years with continuing growth predicted over the coming decade making Wilmington prime for real estate investment.
Developer is receiving final approvals from the City of Wilmington. Buyer would have to submit final permit plans in order to start construction.
Highlights
- Class-A office has remained stable with recent large office users coming to the downtown area (Incyte).
- Employment projection of 9% growth between 2020-2030 (aligns with population growth).
- Housing availability is low with strong 92% +/- rental occupancy rates
- Population has most continued growth in Downtown and the Riverfront areas due to City incentives (grants, tax abatements).
- Rental housing shortage for higher-level of quality apartments
False
Contacts
Chris Moore, CCIM
LMT CRE
Location
Contact Listing Broker
Chris Moore, CCIM
LMT CRE
