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1330 Read St , Wilmington, DE 19805
$289,900
Est. Payment: $1,585.41/mo
0.1 Acres
Status: active | Days on site: 93
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TESRG1 - 3173666
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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 multi‑family apartment building, or continuing its current use as income‑producing garages and storage units. The property presently features FIVE garages, including two double‑wide 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.
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Highlights

Listed by Yasmin Bowman , 3024388667 Tesla Realty Group, LLC , 8448375274. Bright MLS

Property Type

Commercial Sale
Lot/Acreage
0.1

Year Built

1950

County

New Castle

Area

Wilmington (30906)

 Neighborhood

Hedgeville

 School District

Christina

Listing ID

DENC2107526

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Interior Features

Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:26R-3
Others:
  • ▪ Additional:Average, Below Average
Sewer:Public Sewer
Parking Features:Private Garage,On Street
Principal Interest
$1,585
Taxes
$360

Home Price

$289,900

Loan Details

30 yrs
7.271%

Down Payment

20%
$57,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,585.41

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,585.41 $359.92 $0.00 $1,945.32
Yearly $19,024.90 $4,319.00 $0.00 $23,343.90
Total $570,746.87 $129,570.00 $0.00 $700,316.87
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Wilmington, DE).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS