722 S 17th Street
Retail | 10,088 SqFt
Marketing description
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.
Rare corner opportunity in the heart of Wilmington's hottest urban node. This 10,088 SF freestanding retail building sits on a 1.5-acre corner lot at the intersection of S. 17th Street and Wooster Street - squarely inside the Cargo District, one of downtown Wilmington's most dynamic and rapidly evolving mixed-use corridors.
This isn't a speculative bet on an up-and-coming neighborhood - the Cargo District has already arrived. The corridor draws a loyal local base plus a sizable short-term rental and tourist crowd, making daily customer counts unusually strong for an urban infill site. Neighboring tenants include restaurants, craft breweries, boutique retail, and entertainment concepts that have turned this walkable stretch into one of Wilmington's most visited destinations. Visibility on S. 17th Street combined with a true corner position at Wooster St, gives any tenant or operator maximum exposure with two full points of access.
Investment highlights
- 10,088 SF freestanding building
- Built 2014
- Retail-ready condition
- 1.5-acre corner lot located on Wooster St & S. 17th St.
- UMX zoning: broadest permitted use set in the Wilmington LDC.
- Permitted uses include retail, restaurant, office, hotel, brewery, fitness, live-work, residential above commercial, and more.
- Redevelopment potential for mixed-use project on 1.5 acres.
- Located in the Cargo District, Wilmington's premier urban mixed-use destination
- Strong pedestrian traffic + robust STR/visitor demand driver
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