Property

Wilmington, DE 19806 505 N Lincoln

505 N Lincoln Wilmington, DE - Image 1505 N Lincoln Wilmington, DE - Image 2505 N Lincoln Wilmington, DE - Image 3
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Presented By: Pantano Real Estate Inc
  • MLS# DENC2086818
  • 07/30/2025
  • Request Tour
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  • Beds • 1
  • Full/Half Baths • 1 / 1

Home Details

Mixed-Use Opportunity in the Heart of Wilmingtons 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 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.
Presented By: Pantano Real Estate Inc

Interior Features for 505 N Lincoln

Bedrooms

Bedrooms Count All Upper Levels1
Bedrooms Count Upper Level 11
Main Level Bedrooms
Total Bedrooms1

Bathrooms

Bathrooms Half Main Level1
Bathrooms Full Upper Level 11
Bathrooms Full All Upper Levels1
Bathrooms Count Upper Level 11.00
Bathrooms Count All Upper Levels1
Half Baths1
Total Baths2

Other Interior Features

LivingAreaSourceEstimated
Above Grade Finished Area0
Above Grade Finished Area SourceEstimated
Above Grade Finished Area Unit TypeSquare Feet
BasementUnfinished
Basement (Y/N)Yes
Central Air Y/NNo
FlooringWood, Vinyl
Heating FuelOther
Heating Y/NYes
Hot WaterElectric

Other Rooms

Room TypePrimary Bedroom

Room Details for 505 N Lincoln

Primary Bedroom

level Unspecified

General for 505 N Lincoln

AccessibilityNone
Architectural StyleTraditional
Bathrooms Count Main Level1.00
Bathrooms Full Main Level
CityWILMINGTON
Condo/Coop Association Y/NNo
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyNEW CASTLE
DirectionsFrom the Elsmere vicinity, take Lincoln Street North, cross over 4th into Little Italy, then 505 is on the left
ElectricCircuit Breakers
ExclusionsAny tenant owned personal property
Full Baths1
Garage Y/NNo
HOANo
HeatingOther
Legal SubdivisionWILMINGTON
Levels2
Lot Size Square Feet1600.00
Lot Size UnitsSquare Feet
MLS AreaWilmington (30906)
ModificationTimestamp2025-07-30T17:12:43
New ConstructionNo
Other StructuresAbove Grade
OwnershipFee Simple
PossessionSubject to Existing Lease
Property TypeResidential
RoofFlat
School DistrictRED CLAY CONSOLIDATED
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Subdivision NameLITTLE ITALY
Tax Annual Amount3057.0
Tax Assessed Value290300.0
Tax Year2025
Total SQFT0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1944
Year Built SourceEstimated
ZoningC2

Exterior for 505 N Lincoln

Foundation DetailsStone
InclusionsAny owner owned appliances
Land Assessed Value58100.00
Lot Size Acres0.04
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Aneesa Khan

Associate
Price $219,900
MLS#DENC2086818
List Date 07/30/2025
Property Type Townhouse
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