1 S Jackson Street

Description

Unique Mixed-Use Investment Opportunity in Wilmington! Prominently positioned at the signalized intersection of South Jackson Street and Lancaster Avenue, this three-story corner property offers excellent visibility and flexible live/work or income-producing potential. The first floor features commercial storefront space previously operated as a grocery store, deli and convenience market, along with a half bathroom. Existing store equipment is included with the sale. Above the commercial space is a spacious two-level residential unit offering four bedrooms and two full bathrooms. The second floor includes two bedrooms, a full bathroom, kitchen and dining area, while the third floor provides two additional bedrooms, another full bathroom and a sitting room. A full basement offers additional storage and is equipped with Bilco-door emergency access. Conveniently located near downtown Wilmington, the Riverfront, neighborhood shopping, public transportation and Interstate 95, the property presents an attractive opportunity for an owner-occupant, entrepreneur or investor. Operate a business below while living above or explore the property’s commercial and residential income potential. Property use, zoning, licensing, permits and occupancy requirements must be independently verified with the City of Wilmington. Commercial permit has expired and must be reapplied for. Property and included equipment are being sold in their present condition. Photos have been digitally enhanced.