Mixed-Use Opportunity in the Heart of Wilmington's Little Italy. 505 N Lincoln is an excellent opportunity to run your business on the first floor while generating additional income from the second. This C-2 commercially zoned property offers excellent flexibility for a variety of business and professional uses. The first floor… Read More provides a versatile commercial space perfect for retail, office, or service-based businesses. Upstairs, the second floor features a well-maintained one-bedroom apartment with an open-concept layout. The kitchen flows into a spacious great room, creating a bright and adaptable living environment. A full bathroom and generous natural light complete the residential unit, which is currently occupied and generating rental income. Whether you're an owner-occupant or investor, this property offers strong potential in a vibrant neighborhood with excellent visibility and proximity to downtown Wilmington, Trolley Square, the hotspots on Union Street and major transportation routes. Read Less
Courtesy of Pantano Real Estate Inc, Paul Pantano, [email protected].
Listing Snapshot
Days Online
11
Last Updated
Property Type
Townhouse
Beds
1
Full Baths
1
Partial Baths
1
Lot Size
0.04 Acres
Year Built
1944
MLS Number
DENC2086818
30 Days Snapshot Of 19806
$507k
+47%
(avg) sold price
15
-31%
homes sold
22
-24%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished
Building
Built in 1944, Structure Type: Interior Row/Townhouse, 2 levels, Traditional, Brick
Cooling
None, None
Floors
Wood, Vinyl
Foundation
Stone
Lot
1,600 sqft, 0.04 acres
Property
Other Structures: Above Grade
Roof
Flat
Sewer
Public Sewer
Taxes
City/Town Tax: $793, City/Town Tax Pymnt Freq: Annually, County Tax: $189, County Tax Pymnt Freq: Annually, School Tax: $2,075, School Tax Pymnt Freq: Annually, Tax Annual Amount: $3,057, Tax Year: 2025
Utilities
Electric Service: Circuit Breakers, Hot Water: Electric
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