9 E 44TH Street

Description

Position your business, investment portfolio, or redevelopment strategy around one of Wilmington’s more versatile commercial properties. 9 East 44th Street offers substantial street-level commercial space with three large bays, separately accessed residential areas, and a generously sized lot, creating the potential for multiple uses and multiple income streams within one property.The commercial component is the centerpiece of this opportunity. Featuring three spacious garage/service bays with convenient street-level access, the property may be well suited for an automotive business, auto repair or service operation, contractor headquarters, construction or trades business, workshop, warehouse, equipment storage, distribution use, showroom, office, light industrial operation, or other permitted commercial use. Buyers seeking a flexible commercial building with both indoor workspace and outdoor land will immediately recognize the advantages of this configuration.The generously sized lot provides valuable additional space that can be difficult to find with Wilmington commercial properties. Depending on permitted use, the outdoor area may accommodate customer or employee parking, commercial vehicles, equipment, material storage, business operations, tenant use, or additional functional space. For contractors, automotive professionals, service businesses, investors, and owner-users, this combination of building area and usable land significantly expands the property's potential.Separate entrances allow the commercial and residential portions of the property to operate independently. This creates an attractive opportunity for an owner-user to operate a business while generating residential rental income, or for an investor to potentially lease the commercial space and residential areas separately. Rather than relying on a single tenant or income source, the property's mixed-use configuration may provide opportunities for diversified revenue.Compared with a conventional storefront, small warehouse, garage property, duplex, or mixed-use building, 9 East 44th Street stands out because of its three-bay commercial configuration, substantial ground-level workspace, separate residential access, and oversized lot. The property offers the flexibility sought by businesses that require vehicle access, workspace, storage, parking, and the ability to accommodate multiple functions from one location.Ideal for commercial real estate investors, automotive operators, contractors, electricians, plumbers, HVAC companies, construction businesses, landscapers, service companies, trades businesses, entrepreneurs, warehouse users, owner-occupants, and buyers seeking an income-producing mixed-use asset in Wilmington, Delaware.With three commercial bays, substantial commercial space, residential income potential, separate entrances, outdoor operational space, and a generously sized lot, 9 East 44th Street represents a distinctive opportunity to acquire a flexible commercial and mixed-use property capable of supporting a wide variety of business and investment strategies.Property configuration, permitted commercial and residential uses, number of legal dwelling units, rental licensing, occupancy requirements, parking requirements, zoning compliance, and potential lot uses should be independently verified by the buyer with the appropriate governmental authorities.