226 N WALNUT ST

Unique opportunity in the City of Wilmington with approximately 10,000 +/- SF of space and a lot of flexibility for the right buyer. Located at the corner of N Walnut Street and E 3rd Street, the property is currently used as a church with a portion of the building leased to an operating daycare through April 2027. Historically known as Old Asbury Methodist Church, the property is listed on the National Register of Historic Places and is recognized as the site of Wilmington's first Methodist church. The second floor is primarily made up of the large sanctuary and assembly area with balcony seating, stage area, stained glass, sound capabilities, offices and additional rooms. The first floor has a large fellowship and gathering area, multiple classrooms and offices, restrooms, a commercial kitchen with service window and several other spaces that can be used depending on the needs of the next owner. The area off the kitchen also works nicely as a cafe style gathering space for meetings, refreshments, staff, programs or just another place for people to gather. The current cafe furniture will not convey. What makes the property interesting is that it does not necessarily have to serve just one purpose. The daycare currently occupies a portion of the building and provides rental income, while a large part of the property remains available for the owner to use. Based on the existing layout and current R 5 B zoning, the property could make sense for another church or religious organization, nonprofit or charitable group, educational program, childcare operator, community organization, cultural organization or similar institutional user. Any buyer should confirm that their specific intended use meets City requirements. The historic Asbury Methodist Episcopal Church Cemetery is also part of the property. The cemetery is no longer active and is currently maintained by the property owner. Parking is primarily on street along N Walnut Street and E 3rd Street, with public parking options also available in the downtown area. The location provides good visibility and easy access to downtown Wilmington and public transportation. Four mini split systems were installed in 2025. The property also has boiler heat, commercial kitchen facilities, multiple electrical service panels, public water and public sewer. Seller is willing to consider reasonable offers and terms. For the right organization, this is a property that can provide assembly space, classrooms, offices, kitchen facilities, community space and existing rental income all in the same building. Buyer to verify square footage, zoning, intended use, parking, licensing and property condition.