505 N Lincoln, Wilmington, DE 19806 $219,900

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Beds/Baths: 1/1.1
Acreage: 0.04
Age:81 years
Style:
Traditional
MLS#: DENC2086818
Subdivision: Little Italy
Design/Type:
Interior Row/Townhouse

Description

Mixed-Use Opportunity in the Heart of Wilmington’s Little Italy. 505 N Lincoln is an excellent opportunity to run your business on the first floor while generating additional income from the second. This C-2 commercially zoned property offers excellent flexibility for a variety of business and professional uses. The first floor provides a versatile commercial space perfect for retail, office, or service-based businesses. Upstairs, the second floor features a well-maintained one-bedroom apartment with an open-concept layout. The kitchen flows into a spacious great room, creating a bright and adaptable living environment. A full bathroom and generous natural light complete the residential unit, which is currently occupied and generating rental income. Whether you're an owner-occupant or investor, this property offers strong potential in a vibrant neighborhood with excellent visibility and proximity to downtown Wilmington, Trolley Square, the hotspots on Union Street and major transportation routes.

Primary Bed:

Taxes: $3,057
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: Y
Pool: No Pool
School Dist: Red Clay Consolidated

Features

Utilities
Other, None, None, Hot Water - Electric, Public Water, Public Sewer, Circuit Breakers

Garage/Parking
On Street

Interior
Unfinished Basement, Vinyl Flooring, Wood Flooring

Exterior
Stone Foundation, Flat Roof, Brick Exterior

Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address. Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.

Public Elementary (29 schools)

School District Grades Place Distance
The Bayard School Christina School District 1–8 Wilmington 0.43 mi
Lewis (William C.) Dual Language Elementary School Red Clay Consolidated School District K–5 Wilmington 0.72 mi
Johnson (Joseph E. Junior) Elementary School Red Clay Consolidated School District K–5 Wilmington 0.88 mi
Douglass School Christina School District 1–12 Wilmington 0.93 mi
First State School Red Clay Consolidated School District 1–10 Wilmington 1.16 mi
Warner Elementary School Red Clay Consolidated School District 3–5 Wilmington 1.35 mi
Shortlidge (Evan G.) Academy Red Clay Consolidated School District K–2 Wilmington 1.42 mi
First State Montessori Academy First State Montessori Academy K–8 Wilmington 1.42 mi
Kuumba Academy Charter School Kuumba Academy Charter School K–8 Wilmington 1.47 mi
Baltz (Austin D.) Elementary School Red Clay Consolidated School District K–5 Wilmington 1.55 mi
The Bancroft School Christina School District 1–9 Wilmington 1.59 mi
Odyssey Charter School Odyssey Charter School K–12 Wilmington 1.6 mi
Stubbs Early Education Center Christina School District Preschool–K Wilmington 1.7 mi
Edison (Thomas A.) Charter School Edison (Thomas A.) Charter School K–8 Wilmington 2.06 mi
Richardson Park Elementary School Red Clay Consolidated School District K–5 Wilmington 2.1 mi
Harlan (David W. ) Elementary School Brandywine School District Preschool–5 Wilmington 2.39 mi
East Side Charter School East Side Charter School K–8 Wilmington 2.6 mi
Marbrook Elementary School Red Clay Consolidated School District K–5 Wilmington 2.9 mi
Richey Elementary School Red Clay Consolidated School District K–5 Wilmington 2.94 mi
Lombardy Elementary School Brandywine School District K–5 Wilmington 3.08 mi
Mote (Anna P.) Elementary School Red Clay Consolidated School District K–5 Wilmington 3.69 mi
Eisenberg (Harry O.) Elementary School Colonial School District K–5 New Castle 4.18 mi
Mount Pleasant Elementary School Brandywine School District K–5 Wilmington 4.25 mi
The Colwyck Center Colonial School District Preschool New Castle 4.38 mi
Brandywine Springs School Red Clay Consolidated School District K–8 Wilmington 4.41 mi
Leach (John G.) School Colonial School District Preschool–12 New Castle 4.42 mi
Carrcroft Elementary School Brandywine School District K–5 Wilmington 4.54 mi
Wilmington Manor Elementary School Colonial School District K–8 New Castle 4.59 mi
Castle Hills Elementary School Colonial School District K–5 New Castle 4.73 mi

Public Middle (11 schools)

School District Grades Place Distance
Douglass School Christina School District 1–12 Wilmington 0.93 mi
First State School Red Clay Consolidated School District 1–10 Wilmington 1.16 mi
duPont (Alexis I.) Middle School Red Clay Consolidated School District 6–8 Greenville 1.39 mi
The Bancroft School Christina School District 1–9 Wilmington 1.59 mi
Odyssey Charter School Odyssey Charter School K–12 Wilmington 1.6 mi
duPont (Pierre S.) Middle School Brandywine School District 6–8 Wilmington 2.28 mi
Gateway Charter School Gateway Charter School 3–8 Wilmington 2.89 mi
McCullough (Calvin R. ) Middle School Colonial School District 6–8 New Castle 3.64 mi
Springer Middle School Brandywine School District 6–8 Wilmington 4.22 mi
Leach (John G.) School Colonial School District Preschool–12 New Castle 4.42 mi
Stanton Middle School Red Clay Consolidated School District 6–8 Wilmington 4.9 mi

Public High (16 schools)

School District Grades Place Distance
Charter School of Wilmington Charter School of Wilmington 9–12 Wilmington 0.9 mi
Calloway (Cab) School of the Arts Red Clay Consolidated School District 6–12 Wilmington 0.9 mi
Douglass School Christina School District 1–12 Wilmington 0.93 mi
First State School Red Clay Consolidated School District 1–10 Wilmington 1.16 mi
Freire Charter School Freire Charter School Wilmington 8–12 Wilmington 1.32 mi
Great Oaks Charter School Great Oaks Charter School 8–12 Wilmington 1.47 mi
The Bancroft School Christina School District 1–9 Wilmington 1.59 mi
Odyssey Charter School Odyssey Charter School K–12 Wilmington 1.6 mi
Howard High School of Technology New Castle County Vocational-Technical School District 9–12 Wilmington 1.65 mi
Delaware Military Academy Delaware Military Academy 9–12 Wilmington 2.08 mi
Conrad Schools of Science Red Clay Consolidated School District 6–12 Wilmington 2.46 mi
duPont (Alexis I.) High School Red Clay Consolidated School District 9–12 Wilmington 2.48 mi
Delcastle Technical High School New Castle County Vocational-Technical School District 9–12 Wilmington 3.38 mi
Mount Pleasant High School Brandywine School District 9–12 Wilmington 3.87 mi
Brandywine High School Brandywine School District 9–12 Wilmington 4.38 mi
Leach (John G.) School Colonial School District Preschool–12 New Castle 4.42 mi

Private (32 schools)

School Grades Place Distance
St Anthony Of Padua Grade School Roman Catholic Preschool–8 Wilmington 0.32 mi
Padua Academy Roman Catholic 9–12 Wilmington 0.46 mi
Nativity Preparatory School Of Wilmington Roman Catholic 5–8 Wilmington 0.47 mi
Ursuline Academy Lower Roman Catholic K–5 Wilmington 0.71 mi
St Elizabeth School Roman Catholic Preschool–12 Wilmington 0.82 mi
St Ann School Roman Catholic Preschool–8 Wilmington 0.95 mi
St Peter Cathedral School Roman Catholic Preschool–8 Wilmington 1.08 mi
Serviam Girls Academy Roman Catholic 5–8 Wilmington 1.08 mi
Tower Hill School Nonsectarian Preschool–12 Wilmington 1.09 mi
Urban Promise Academy Nonsectarian 7–11 Wilmington 1.29 mi
Augustine Hills School Nonsectarian 4–11 Wilmington 1.37 mi
St Michaels School & Nursery Inc Nonsectarian Preschool–K Wilmington 1.44 mi
High Road School Of Delaware Nonsectarian 3–12 Wilmington 1.47 mi
Sharon Temple Adventist School Seventh-Day Adventist K–8 Wilmington 1.52 mi
Salesianum School Roman Catholic 9–12 Wilmington 1.52 mi
All Saints Catholic School Roman Catholic Preschool–8 Wilmington 1.53 mi
Darul Amaanah Academy Islamic K–8 Wilmington 1.54 mi
Wilmington Friends School Friends Preschool–12 Wilmington 1.72 mi
Urban Promise School Other Preschool–6 Wilmington 2.18 mi
Astra Zeneca Child Development Center Nonsectarian Preschool–K Wilmington 2.23 mi
The Tatnall School Nonsectarian Preschool–12 Wilmington 2.64 mi
Maranatha Christian Academy Brethren K–6 Wilmington 2.68 mi
Program For Rigor And Innovation In Education Nonsectarian 6–8 Wilmington 2.98 mi
Montessori Learning Centre Nonsectarian Preschool–K Wilmington 3.27 mi
St Mary Magdalen School Roman Catholic Preschool–8 Wilmington 3.3 mi
Concord Preschool And Childcare Presbyterian Preschool–K Wilmington 3.4 mi
Immaculate Heart Of Mary Roman Catholic Preschool–8 Wilmington 3.58 mi
Brandywine Valley Christian Presch Baptist Preschool–K Wilmington 4.04 mi
Faith Preschool & Child Care Presbyterian Preschool–K Wilmington 4.1 mi
Albert Einstein Academy Jewish K–5 Wilmington 4.32 mi
St John The Beloved School Roman Catholic Preschool–8 Wilmington 4.73 mi
The Pilot School Nonsectarian Ungraded Wilmington 4.85 mi

© 2025 LiveBy. All Rights Reserved.

This report is a detailed community overview for Wilmington (19806), Delaware.

Community Quick Facts

  • Average travel time to work for people in this community: 22
  • Average salary of people in this community: $78,934

Community Summary

  • Population Density (ppl / mile): 5,068
  • Household Size (ppl): 1.83
  • Households w/ Children: 23%

Housing Inventory

  • Owned: 2,714 (46.8%)
  • Rented: 2,478 (42.7%)
  • Vacant: 606 (10.5%)
  • Total: 5,798

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Total: 9,887
Households: 5,192
Median Age: 41.10

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature

Education

Highest Level of Education Attained

  • Less than 9th Grade: 1.3%
  • Some High School: 2.4%
  • High School Graduate: 11.8%
  • Some College: 14.7%
  • Associate Degree: 4.8%
  • Bachelor's Degree: 36.8%
  • Graduate Degree: 28.2%

Income by dollar range

Median Income: $77,591

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

  • Studio: $673
  • One Bedroom: $1,031
  • Two Bedroom: $1,394
  • Three Bedroom: $1,762
  • Four Bedroom: $1,635

© 2025 LiveBy. All Rights Reserved.

Contact Information

Schedule an Appointment to See this Home
Request more information
or call me now at 302-545-5356

Listing Courtesy of: Pantano Real Estate Inc , (302) 888-0300, paul@pantanorealestate.com

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 7/31/2025.

505 N Lincoln, Wilmington, DE 19806

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Broker Compensation

An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.