105 / 107 W 8TH Street

Description

Opportunity to participate in the redevelopment of downtown Wilm, in the CBD, one block from MKT Street and all the hotspot attractions. Invest where there has been meaningful apartment and other exciting development activity. This site features 2, two-story structures on one parcel known as 105/107 W 8th Street. 105 W 8th Street is a fully operational two story residential rental unit that is spacious and offers a flexible floor plan. Lease will be obtained with current occupant for $1,200/month. The first floor consists of a living space that greets you, large flexible great room, with well scaled kitchen to the rear featuring updated SS appliances. Upstairs is a large living space, currently used as a bedroom, a private bedroom with convenient partial bathroom. Laundry and bath tub are in a separate space to the rear. This building has gas heat and central AC and an updated tankless water heater. The adjacent building at 107 requires some creativity. The first floor features defined spaces that are moderately finished with living quarters and a bedroom space to the rear with bathroom, together with a recently updated HVAC system. The second floor is accessible by way of separate entrance and is a clean slate. Think loft living, live+work, open spaces, be creative, this is your opportunity! This is the chance you've been looking for to create a cool hip spot, consistent with the present downtown vibe. Property is zoned commercial so an abundance of alternatives exists. Please contact the City of Wilmington for use questions. Contact listing broker for site visit and other showing prerequisites.