$289,900
( )
 $1,556 est/mo Sourced by Back At You

1330 Read St,WILMINGTON, DE 19805

WILMINGTON, DE 19805

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Description

Exceptional Development Opportunity! URGENT UPDATE FOR DEVELOPERS!!!: City of Wilmington - Affordable Housing Development Subsidy Funds of $8.4 million Available NOW!!! DEADLINE FOR APPLICATIONS - AUGUST 31ST, 2026! See attached qualifications sheet or inquire with the listing agent for details. This property 'may' qualify (buyer diligence required) for some of this grant. This versatile, open lot offers multiple opportunities for value creation-ideal for building three contiguous townhomes or condos, developing a multifamily apartment building, or continuing its current use as incomeproducing garages and storage units. The property presently features FIVE garages, including two doublewide units, along with a small front office/storage area equipped with a toilet and sink. A secure front gate provides controlled access, and recent improvements include a new roof and updated gutters. The site also benefits from an attractive hilltop vantage point with views overlooking the city. Buyers are encouraged to conduct their own due diligence regarding zoning, development feasibility, and potential uses.

Details

MLS #DENC2107526
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1950
Days On Site46
Listing Provided ByTesla Realty Group, LLC | Yasmin Bowman

Features

Zoning26R-3
Acreage0.10

Interior

CoolingNone
HeatingNone

Exterior

Construction MaterialsBlock

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount4319

Area Information

StateDE
CountyNEW CASTLE DE
CityWILMINGTON
Zip Code19805
AreaWilmington (30906)
Community NameHEDGEVILLE
School DistrictCHRISTINA
Listing VS Median (in HEDGEVILLE)
Price:
$289,900
low | high
Med:
$169,000
91.704035874439% of Average
On site:
46
low | high
Med:
21
100% of Average
Sourced by Back At You

Market Activity 19805

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Additional Information


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Learn More About This Property

StateDE
CountyNEW CASTLE DE
CityWILMINGTON
Zip Code19805
AreaWilmington (30906)
Community NameHEDGEVILLE
School DistrictCHRISTINA
Listing VS Median (in HEDGEVILLE)
Price:
$289,900
low | high
Med:
$169,000
91.704035874439% of Average
On site:
46
low | high
Med:
21
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $217K - $362K
sqft: 0 - 0
Listing Updated: September 10, 2026 at 9:37:05 AM PDT