A rare opportunity to own an established Wilmington landmark with exceptional redevelopment and business potential. Operating since 1972, Leroy's Lounge has served the community for decades and is now ready for its next chapter. The sale includes the commercial building, the established bar, adjacent package store, a valuable Delaware Off/On Tap liquor license, and approximately nine additional city lots currently utilized for parking, providing ample space for customers and future possibilities. The first floor features a spacious oval bar, package store, storage areas, and restrooms, while the upper level offers additional space ready for renovation or expansion to suit your vision. Whether you're looking to continue the existing business, create a new entertainment venue, or invest in a unique commercial property with additional land, this offering presents outstanding potential. The transferable Off/On Tap liquor license is a highly sought-after asset that adds significant value to this opportunity. Property is being sold As-Is. Buyer is responsible for conducting all due diligence regarding zoning, permitted uses, licensing requirements, and future development opportunities. Inventory may be available separately. Contact the listing agent for additional details and a private tour.