1330 Read St, Wilmington, DE 19805

Property 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, plus a small upfront office/storage unit 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.