For Sale

Description

Step into Wilmington’s storied past with 703 N West St, a historic apartment building on the National Register of Historic Places since 1979, adjacent to its sister property and representing one of the city’s only surviving pair of 18th-century stone houses with side-hall plans. Constructed around 1760 by the Woodward family as part of their ropemaking enterprise vital to the Colonial port’s shipbuilding trade, this three-story, stuccoed stone structure with a brick rear ell retains charming Georgian elements like paneled walls, chair rails, original fireplaces, and a mid-19th-century mantel with Minton tiles. Its L-shaped layout and preserved details, including wide floorboards and central staircase, highlight Quaker influences and early industrial life in Delaware, complete with unverified local lore tying its hearthstone to the Declaration of Independence platform in Philadelphia This property offers lots of potential for creative redevelopment—whether restoring it as multi-family housing, converting to a single-family residence, or exploring other adaptive uses—while preserving its irreplaceable architectural heritage. Note that it has lost its prior multi-family use over time and would require approval from the zoning board to reinstate apartments or similar configurations. Situated in the heart of Wilmington’s Downtown Development District, this property qualifies for significant incentives to support your vision, including up to 20% rebates on qualified real property investments through Delaware’s Downtown Development Districts Rebate Program. As a National Register-listed site, it’s also eligible for federal historic preservation tax credits (up to 20% for certified rehabilitations) and potential state grants, making it an ideal opportunity for investors or preservation enthusiasts. In rough condition with needs for major renovations, including roof and stucco maintenance, interior updates, and system overhauls, it’s offered As-Is, presenting a unique fixer-upper in Quaker Hill surrounded by commercial growth, historic districts, and easy access to downtown. Seize the opportunity to invest in and preserve this architectural gem while benefiting from incentives designed to boost downtown vitality.