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Highlights
- Located on one of Wilmington’s most visible and high traffic count commercial corridors.
- 20+ Gated Private Off-street Parking Spaces.
- 12 foot ceiling in the main hall.
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| Lower Level | 1,620 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | |
| 1st Floor | 1,736 SF | 12’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | |
| 1st Floor | 1,108 SF | - | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Lower Level
1st Floor
- Space is in Excellent Condition
- Finished Ceilings: 12’
- Mostly Open Floor Plan Layout
1st Floor
- Fully Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 4,464 SF | Gross Leasable Area | 7,000 SF |
| Property Type | Retail | Year Built/Renovated | 1970/2025 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 4,464 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 7,000 SF |
| Year Built/Renovated | 1970/2025 |
About the Property
2501 & 2521 North Market St, Wilmington, DE 19802 offers a standout opportunity to acquire a well-located mixed-use commercial asset in one of Wilmington’s most visible and high traffic count commercial corridors. This well-maintained, high-visibility corner property (a former landmark fire house) was recently "extensively renovated" and is ready to accommodate its next owner. The main floor and lower level comprise three flexible floor plans measuring as follows: These are 'multi-tenant-capable' and "demisable" into "at least" three areas as follows: The main 12" ceiling fire hall (approx. 1,736 +/- SF), the new brick addition (approx. $1,108 +/- SF) and the lower level (approx.? 1,620+/- SF). These can support a variety of uses including retail, office, showroom, workshop, restaurant, daycare, special purpose, storage, and other mixed-use concepts.? On the upper level, two renovated 2BR / 2BA residential apartments create extra cash flow or can be used as owner / user residences or possibly Air BnB income (subject to city permitting). Each apartment enjoys an individually dedicated HVAC system, a hot water heater, clothes washer and dryer. A new central sprinkler system and alarm was recently installed throughout the building for extra assurance. Positioned along the North Market Street corridor with strong frontage and traffic exposure, the site benefits from a prominent corner presence and excellent accessibility. The property includes ample on-site parking at the rear, with a gated parking lot of at least 20 spaces and potential to add additional parking, making it especially attractive for customer-facing or operational users. Located just minutes from the Downtown Wilmington business and entertainment district, Lawyer's Row, the Wilmington Train Station, Wilmington Riverfront attractions, multiple hotels, restaurants, major travel routes and highways I-95 and I-495, The Brandywine Zoo, Brandywine River, Christiana Care Hospital and so much more; the property offers convenient access for employees, clients, and vendors alike.? Surrounded by dense residential neighborhoods, commercial activity, and ongoing revitalization, this location places your business in the path of growth, accessibility and daily visibility. Available for immediate occupancy, this is an exceptional opportunity to establish or expand your presence in a high-traffic, strategically connected Wilmington location. Seller financing "may" be available, subject to the totality of the deal. BUILDING: 2501 N. Market Street (Fire House Parcel) Corner parcel with building Tax Parcel ID: 26-022.40-002 Building consists of: 2,844 +/- SF vacant subdividable rentable main level space, a lower-level 1,736 +/- SF finished space and two 2BR / 2BA apartments on the upper level Lot Size: 0.18 Acres (Approx. 7,841 Sf) New sprinkler and alarm system throughout entire building New roof Fire doors can be reopened / drivable floors in main hall Adjacent parking lot of 20+ spaces included in the sale. Handicap accessible main level with two sets of handicap accessible restrooms. 12' ceilings in the main halll. Direct access to the rear private off-street parking lot with 20-25 parking spaces. PARKING LOT: 2521 N. Market Street (Parking Lot Parcel) Gated Parking Lot With 20 Spaces (Potential to Add 5 More) Tax Parcel ID: 26-022.40-001 Lot Size: 0.14 Acres (Approx, 6,098 Sf) Zoning: 26c-1
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
- Shower Facilities
Nearby Major Retailers
Presented by
2501 N Market St
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