1035 N Lombard St, Wilmington, DE 19801

Property Description

RARE MIXED-USE INVESTMENT OPPORTUNITY – OPERATING LIQUOR STORE + TWO RESIDENTIAL UNITS IN DOWNTOWN WILMINGTON! Additional photos of interior are forthcoming. Discover an exceptional opportunity to acquire a versatile mixed-use commercial and multifamily property at 1035 N Lombard Street in Wilmington, Delaware. Featuring an established street-level liquor store location and two separate residential apartments, this property offers a compelling combination of commercial business potential, residential rental income, and flexible live/work possibilities. THREE DISTINCT SPACES | MULTIPLE INCOME OPPORTUNITIES The property features a ground-floor commercial space currently used as a liquor store, complemented by two residential units consisting of a spacious 3-bedroom, 1-bathroom apartment and a separate 1-bedroom, 1-bathroom apartment. This configuration creates opportunities for investors seeking multiple rental income streams, entrepreneurs interested in operating a retail business, or owner-occupants who want to live conveniently above or near their business while generating additional rental income. ESTABLISHED COMMERCIAL LOCATION WITH ACCESS TO MAJOR TRAFFIC CORRIDORS Located near the intersection of N Lombard Street and E 11th Street, the property benefits from its central Wilmington location and proximity to major commercial and commuter corridors. Nearby N Walnut Street recorded approximately 16,000–25,000 vehicles per day along its corridor in DelDOT's 2019 traffic study, underscoring the surrounding area's established vehicle circulation. The property is conveniently positioned near Downtown Wilmington's restaurants, bars, shopping, offices, government buildings, entertainment destinations, and residential neighborhoods. The surrounding commercial district supports a variety of customer-serving businesses and provides access to both neighborhood residents and the broader Wilmington workforce. DENSE POPULATION AND PROJECTED MARKET GROWTH The property's location offers access to a substantial surrounding consumer base. According to published 2025 trade-area demographics, approximately 30,699 residents and 12,659 households are located within a 1-mile radius, expanding to approximately 198,098 residents and 81,005 households within 5 miles. Population is projected to grow approximately 4.59% within 1 mile and 2.81% within 5 miles between 2025 and 2030. These trends provide encouraging long-term context for prospective retail operators and residential investors. LOCATED NEAR MAJOR EMPLOYMENT AND DEVELOPMENT CENTERS Downtown Wilmington serves as a regional hub for financial services, healthcare, government, legal services, and professional employment. The property provides access to major employment destinations, including ChristianaCare, downtown corporate offices, government facilities, and the Wilmington Riverfront. Continued investment in Wilmington's Downtown Development District, new residential construction, commercial revitalization, and the Riverfront East redevelopment initiative further highlight the area's ongoing transformation AN OPPORTUNITY FOR INVESTORS, BUSINESS OWNERS, AND LIVE/WORK BUYERS Whether your investment strategy involves leasing the commercial storefront and both residential apartments, exploring the acquisition and operation of the existing liquor-store business, or occupying one apartment while operating a business and renting the other, this property offers a variety of potential ownership strategies. Conveniently situated near Downtown Wilmington, the Riverfront, I-95, and Wilmington's Amtrak/SEPTA station, 1035 N Lombard Street combines commercial functionality, residential versatility, and proximity to a growing urban employment center. Support beams upgraded in 2020 Own a mixed-use property with commercial and residential potential in the heart of Wilmington, Delaware. Explore the possibilities for business ownership, rental income, and long-term real estate investment.