722 S 17th St

Freestanding retail building at the corner of S. 17th Street and Wooster Street within Wilmington’s Cargo District urban mixed-use corridor.The property is zoned Urban Mixed-Use (UMX), one of Wilmington’s most flexible commercial zoning designations. UMX allows for a wide range of permitted uses, including retail, restaurants, office, breweries, fitness, hospitality, live-work units, and mixed-use development with residential above commercial. Permitted uses include retail, restaurants, office, financial services, hospitality, breweries and taprooms, fitness and wellness studios, arts and entertainment, live work units, and residential above ground floor commercial. This broad range of uses gives owners the flexibility to adapt the property as market conditions evolve. For investors, developers, and owner users, the UMX designation creates multiple value creation opportunities. The property can continue as a single tenant investment, be repositioned as a multi tenant retail or creative office project, or be redeveloped into a mixed use development on the approximately 1.5 acre site, maximizing both current income and long term upside.