Offered for sale is a well-located mixed-use commercial property featuring a long-established, operating liquor store at street level and a spacious residential unit above, providing multiple income streams and flexible ownership strategies.
The ground-floor commercial space is occupied by a recognized, long-standing liquor store brand, named after the original owner of the building, with deep neighborhood recognition and repeat customer traffic. The business has demonstrated consistent historical performance, with gross revenues averaging approximately $400,000–$500,000 annually from 2017 through 2024. Liquor license is included in the sale, offering immediate operational continuity and eliminating the time and uncertainty typically associated with license acquisition.
The upper-level residential unit offers additional value and flexibility, suitable for owner-occupancy, on-site management housing, or separate rental income. This configuration supports live-work use, partial owner occupancy, or full investment operation, allowing buyers to tailor the asset to their business or investment model.
Located along North Market Street, a well-traveled corridor with strong visibility and access to downtown Wilmington, surrounding residential neighborhoods, and major employment centers, the property benefits from steady traffic counts and neighborhood demand.
Investment Highlights
Mixed-use commercial + residential asset
Operating liquor store with proven multi-year revenue history
Established local brand with long-term goodwill
Liquor license conveyed with sale
Residential unit enhances cash flow and operational flexibility
Suitable for owner-operator or investor ownership
Prime Wilmington location with strong visibility and access
This offering presents a rare opportunity to acquire a stabilized mixed-use property with an operating business, transferable license, and additional residential income, making it well suited for investors seeking durable cash flow or operators looking to own both the business and real estate.
2,178 Sq Ft Lot Size
commercial
$5,534 Annual Tax
Built in 1973
MLS/Listing ID DENC2095790
Construction - Brick
TOTAL MONTHLY COST
$0
$0
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the BrightMLS. Real estate listings held by brokerage firms other than Douglas Elliman of VA are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 03/19/2026.
Source: Bright Multiple Listing Service, Inc.
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