109 Stroud St
Listing Notes
Prime redevelopment opportunity in a growing Wilmington corridor. This 4,701 square foot commercial building, originally constructed in 1960, offers significant upside for investors and developers seeking a value-add project. The property requires substantial renovation but presents a strong foundation for repositioning. Zoning and layout may support a residential conversion of 10+ units, with the potential for a higher unit count depending on design and approvals (buyer to verify; variance likely required). The site offers flexibility for those looking to explore ways to maximize density and overall value. Ideal for experienced investors looking to capitalize on Wilmington's rental demand and redevelopment trends. Property is being sold strictly as-is. Bring your vision and unlock the full potential of this sizable asset.
Price in context
Cheaper than 8% of the 24 homes listed nearby right now, which run $249,900 to $485,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1200 Maple St | $249,900 | 3 bd · 1.5 ba |
| 715 S Harrison St | $250,000 | 5 bd · 2 ba |
| 1210 Beech St | $250,000 | 3 bd · 2 ba |
| 1209 Brown St | $250,000 | 2 bd · 2.5 ba |
| 1004 Coleman St | $256,500 | 3 bd · 2.5 ba |
| 1207 Beech St | $256,999 | 3 bd · 2 ba |
| 1 6th Ave | $258,000 | 6 bd · 2 ba |
| 112 5th Ave | $260,000 | 3 bd · 2.5 ba |
| 326 6th Ave | $265,000 | Studio |
| 529 S Harrison St | $275,000 | — |
| 1204 Brown St | $275,000 | 2 bd · 2 ba |
| 1307 Cedar St | $284,999 | 3 bd · 2 ba |
| 6 6th Ave | $285,900 | 5 bd · 2.5 ba |
| 1002 Coleman St | $289,900 | 4 bd · 2.5 ba |
| 923 Duncan St | $299,900 | 2 bd · 2.5 ba |
| 1103 Coleman St | $300,000 | 3 bd · 2.5 ba |
| 1107 Coleman St | $310,000 | 3 bd · 2.5 ba |
| 11 7th Ave | $314,900 | 3 bd · 2.5 ba |
| 317 5th Ave | $315,000 | 3 bd · 2.5 ba |
| 1005 Wright St | $325,000 | Studio |
| 526 S Harrison St | $325,000 | — |
| 1025 Coleman St | $339,000 | 2 bd · 2 ba |
| 109 Stroud St | $450,000 | — |
| 5 6th Ave | $485,000 | — |
Where it is
For sale Coming soon Recently sold— zoom out for more
OpenRealtor, a RealtyLens company. Listing facts are drawn from public feeds and enriched with NYC public records. This is not the original listing site.