20 Shea WayNewark, DE 19713

  • Industrial properties
  • 53,093 SF
For Lease
$12.50/SF/YR View listing

Property Details for 20 Shea Way

Year built
1990
Construction
CONCRETE
Property size (Sq ft)
53,093 SF
Zone code
I
Property type
Industrial properties
Property subtype
Other warehouses
APN
11-006.00-013-C0001
APU
1100600013C0001

Description

This exceptional 53,125-square-foot industrial property, located in tax-free Newark, Delaware, offers a unique blend of manufacturing and flex space. Situated just off Route 72 with convenient access to I-95, this Class B building provides unparalleled connectivity to the tri-state area, Amtrak, Philadelphia International Airport, and major transportation hubs. Built in 1988, the property features a 22-foot ceiling height, ideal for various industrial uses. Currently, 10,000 square feet of space is available for lease, offering opportunities for businesses seeking flexible layouts to accommodate diverse operational needs. The property boasts ample parking with 35 spaces, including three ADA-compliant spots. Its strategic location in the Delaware Industrial Park makes it perfect for light manufacturing, warehousing, distribution, office space, or research and development. The multi-tenant building provides a dynamic environment for businesses of all sizes. This is a rare opportunity to secure a well-located, versatile industrial space in a thriving economic zone. The property's proximity to major transportation arteries ensures efficient logistics and streamlined operations. Don't miss this chance to establish your business in a prime Delaware location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $25,971,852
    Hospitality
    $23,790,076
    Educational
    $19,793,064
    Medical
    $20,473,778
    Retail
    $30,789,210
20 Shea Way, Newark, Delaware

Location Insight

City
Newark
County
New Castle
State
Delaware
Latitude
39.6529
Longitude
-75.7269
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$48,696
$156,100
$987,500
$1,143,600
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