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806-808 S Franklin St
Wilmington, DE 19805 Browntown

$450,000 USD

Warehouse For Sale  •  10,568 SF

Property Details

• Property Type Warehouse
• Total Building Size 10,568 SF
• Lot Size 0.58 AC
• Building Class C
• Year Built 1938
• Tenancy Single
• Zoning 26C-1

40 Transit Score

70 Walk Score

Highlights

Strong Cash Flow: Existing monthly rents range from $90 to $571 per unit, with current rates below market, creating an opportunity to increase rates.

Stable Investment: Low-maintenance property with minimal tenant turnover and a history of long-term occupancy.

Leased Property: All occupied units are under active lease agreements.

Value-Added Opportunity: Below-market rents provide significant upside for future revenue growth.

Flexible Financing: Partial owner financing is available for qualified purchasers, so you could possibly purchase this property with no money down.

Tenants are locals storing cars, household goods, along with contractors storing tools and materials

Public Transportation

Commuter Rail	Drive	Walk	Distance
Wilmington (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	3 min	-	1.2 mi
Churchmans Crossing (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	13 min	-	8.4 mi
Airport	Drive	Walk	Distance
Philadelphia International	33 min	-	21.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes