Smyrna DE Real Estate & Commercial for Sale

Excellent opportunity to own a 7,000 sq ft+ commercial space situated on 1.3 acres in Smyrna. When first constructed in 1940, this property was a gas station with mechanic shop. The current owner converted it into a floral shop and landscaping nursery business. This property offers over 7,000 square feet of space with a retail shop, storage spaces as well as a three bedroom, one bath residential dwelling on the second floor. This property offers immense potential for a business owner or investor. Located right on Rt. 13, this property is in a prime location and has endless potential. Schedule your tour today!

The time is now. Add this fantastic opportunity to your portfolio and cement your legacy as the owner of THE destination to visit in Delaware. Built in 2015, all steel frame construction, ADA compliant, sprinkler system and coming in at 3,990 sqft. This property features a 1.80 acre lot, over 30 parking spaces, large entertainment area with full bar, 2 additional entertainment areas, 3 offices upstairs, a basement, multiple storage areas, patron bathrooms, staff bathroom and a changing room. On top of that you get two licenses (both are active). A liquor license and adult entertainment license. The location is premier. Situated on Rt 13 and easy to find. Just minutes from Balley's Hotel and Casino, The monster mile, The Dover mall and Rt1. With the sale you get the building, the land, the licenses and the business. This is the opportunity you've been waiting for. Make your move.

35 W Glenwood Ave, Smyrna, DE | 1.57-Acre Development Hybrid Secure a high-yield, stabilized asset with a massive "shadow" value in its excess land. This is a rare opportunity to acquire a cash-flowing property where the heavy lifting is finished and the expansion path is already paved. The "Turnkey" Advantage: Capital Preservation In a market where construction costs and labor delays are unpredictable, this property offers immediate security. The Interiors: Designer-inspired renovations that appeal to today's high-credit tenants. The Systems: Brand-new, energy-efficient HVAC and plumbing systems designed to lower utility overhead and increase the building's longevity. The Exterior: Fresh curb appeal that commands attention and justifies premium rental rates. Stop looking for a project and start looking at your returns. This property is priced to move for an investor who recognizes the value of a stabilized, low-maintenance asset in a growing market. Fully Renovated (Last 4 Years): High-end updates across all 16 units mean your capital reserves stay in the bank, not in the building. Operational Efficiency: Individually metered utilities (tenant-paid) and onsite laundry create a low-overhead, streamlined management model. Modern Interior Standards: Upgraded (12) 1BR and (4) 2BR units positioned just under the top of the local market rate to attract high-quality, long-term tenants. The Development "Alpha": 8-16 Additional Units The true "deal" lies in the 1.57-acre parcel. Unlike raw land, this site comes with the momentum of preliminary town discussions already in the books. Pre-Vetted Potential: Preliminary discussions with the Town of Smyrna support a concept for 8-16 additional units. Phased Growth Strategy: Use the reliable cash flow from the existing units to offset carrying costs while you build the next phase. Incentive Rich: Located within the Downtown Development District (DDD), this property is eligible for significant state and local incentives, including potential rebate grants and impact fee waivers that go straight to your bottom line. Location: The Mid-Atlantic's Strategic Hub Smyrna is no longer a "pass-through" town; it is a destination for the Delaware workforce. Connectivity: Seconds from the Route 1 corridor, offering a "commuter's dream" location for those working in Dover, Wilmington, or even Philadelphia. Market Momentum: Positioned in a high-growth pocket of Kent County with increasing investor interest and a tightening rental supply. The Bottom Line: You are buying a modernized, stabilized apartment building at market value - while essentially receiving a pre-vetted, high-density development site for free. Capitalize on Smyrna's revitalization before the expansion potential is priced in. Investor Snapshot: Current Doors: 16 Units (Fully Renovated) Expansion Potential: 50%-100% Increase in Unit Count Incentive Zone: Downtown Development District Expense Ratio: Optimized via tenant-paid utilities