861 Dupont HwyNew Castle, DE 19720

  • Commercial land
  • 5.90 AC
For Sale
$1,400,000 View listing

Property Details for 861 Dupont Hwy

Lot size
5.90 AC
Zone code
CR
Property type
Commercial land
APN
10-045.30-005
APU
1004530005

Description

This exceptional 5.9-acre commercial land parcel in New Castle, Delaware, presents a remarkable investment opportunity. Located at 861 S Dupont Hwy (Route 13 South), this property boasts 643 feet of highway frontage and a depth of 400 feet, ensuring maximum visibility and accessibility. The site is strategically positioned near the ramp to the Delaware Beach Route (Route 1), benefiting from high traffic volume exceeding 30,000 cars daily. A pre-existing billboard further enhances marketing potential. Its convenient location offers easy access to major thoroughfares, including Route 40, Christiana Mall, I-95, Christiana Hospital, and Delaware Park Race Track and Casino, all within a short distance via Route 1. The property is zoned Commercial Regional, allowing for a variety of uses including self-storage, hospitality, retail, and restaurants. Recently appraised at the asking price of $1,400,000, supporting documents are available upon request. The site is ready for immediate development, with new commercial construction already underway in the immediate vicinity. This prime location and versatile zoning make this a truly exceptional opportunity for commercial development in a thriving Delaware market. The building shown in any marketing materials has been demolished.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $125,720,336
    Hospitality
    $115,159,152
    Educational
    $95,811,064
    Medical
    $99,106,152
    Retail
    $149,039,424
861 Dupont Hwy, New Castle, Delaware

Location Insight

City
New Castle
County
New Castle
State
Delaware
Latitude
39.6237
Longitude
-75.6407
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
2023
-
$119,000
-
$119,000
-
-
-
-

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