Incredible Development Opportunity in Wilmington’s Historic District
The Gilchrist Mansion – A Rare Gem with Boundless Potential

Nestled in the heart of Wilmington’s Historic District, this stunning 5,467 square foot Queen Anne-style mansion offers a truly exceptional opportunity for development or private use. Built in 1894 by E. William Gilchrist, the historic Gilchrist Mansion sits on a rare 0.4-acre lot with dual frontage on Market Street and 7th Street—a highly coveted feature in this charming and walkable downtown area. Just steps from the vibrant Coca-Cola Soda Pop District, this property boasts both prestige and potential.

Property Highlights:

Size: 5,467 sq ft | Lot: 0.4 acres

Style: Queen Anne | Year Built: 1894

Frontage: Market Street & 7th Street

Zoning: Potential for up to 8 units (per city correspondence)

Interior: 6 bedrooms, 5 bathrooms, 12-foot ceilings, 8 fireplaces, grand staircase, full basement

Exterior: Recently restored and well-maintained, newer metal roof

Condition: Interior fully stripped to original framing—ready for customized restoration

Development Possibilities:

Convert into 4 Upscale Residences:
Approved architectural and engineering plans for a 4-unit luxury condominium development (The Gilchrist Mansion & Carriage House) are included.

Create a Private Estate:
Restore the mansion to its full glory as a grand single-family home—ideal for someone seeking a palatial residence steeped in history.

Subdivide for Higher Density:
With the size and dual street access, city correspondence confirms potential for up to 8 units on site—an investor’s dream.

What’s Included:

Site Survey

Complete Architectural & Engineering Plans for 4-Unit Development

City Correspondence Supporting Up to 8 Units

Sketch of Current Layout

Area Zoning Information

This is a rare chance to acquire a piece of Wilmington history with unmatched development potential. Whether you're looking to create a boutique residential complex, invest in the city’s booming downtown district, or craft a one-of-a-kind personal residence, The Gilchrist Mansion is an opportunity not to be missed.