950 Basin RdNew Castle, DE 19720

Property Details for 950 Basin Rd

Year built

2002

Construction

CONCRETE

Lot size

11.29 AC

Property size (Sq ft)

6,122 SF

Zone code

I

Property type

Office properties

APN

10-013.00-025

APU

1001300025

Description

This exceptional 94,000 square foot Class C office building, located at 950 West Basin Road in New Castle, Delaware, presents a unique opportunity for businesses seeking substantial space. Built in 1990, this two-story structure sits on an expansive 11.29-acre lot and offers a flexible layout suitable for multiple tenants. The entire 94,000 square feet is currently vacant and available for lease, with a minimum divisible space of 47,000 square feet and a maximum contiguous space of 47,000 square feet. This allows for significant customization to meet diverse business needs. The property boasts ample parking, with a ratio of 4 spaces per 1,000 square feet, ensuring convenient access for employees and clients. Its location in New Castle County, Delaware, provides easy access to major transportation routes and amenities. The property's executive office subtype caters to businesses requiring a professional and well-appointed workspace. This is an ideal opportunity to establish a significant presence in a prime Delaware location. The property is zoned for office use and offers a substantial footprint for a single large tenant or multiple smaller tenants. Contact us today to schedule a viewing and explore the possibilities of this impressive office building. The property's address is 950 West Basin Road, New Castle, DE 19720.

• CAP approach

  CAP return

  Valuation

  6%

  $2,616,372

  6.5%

  $2,415,112

  7%

  $2,242,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,298,315

  Geo Method

  $799,900

• Alternative Use

  Use

  Valuation

  Residential

  $2,994,739

  Hospitality

  $2,743,165

  Educational

  $2,282,281

  Medical

  $2,360,772

  Retail

  $3,550,215

Location Insight

City

New Castle

County

New Castle

State

Delaware

Latitude

39.6958

Longitude

-75.5986

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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