3 Mccullough DrNew Castle, DE 19720

Property Details for 3 Mccullough Dr

Year built

1988

Construction

CONCRETE

Lot size

2.00 AC

Property size (Sq ft)

12,000 SF

Zone code

I

Property type

Warehouses

APN

10-014.00-038

APU

1001400038

Description

This exceptional 27,313-square-foot industrial warehouse is situated on two acres of land within New Castle's Southgate Industrial Park. The single-tenant building offers a highly functional layout, ideal for distribution or warehousing operations. Features include a 21'10" ceiling height, providing ample vertical storage space. Access is facilitated by two drive-in doors (measuring 18'w x 14'h and 16'w x 14'h), one at the front and one through a fenced yard, plus one dock-high door. The yard also includes an exposed loading platform. The property further benefits from approximately 1,600 square feet of office space and an adjacent 800-square-foot shop area, providing versatile workspace options. The building is equipped with 3-phase, 400A, 220V electrical service, ensuring sufficient power for various industrial needs. This property presents a rare opportunity to acquire a well-maintained, strategically located industrial space in a thriving Delaware market. The combination of size, features, and location makes this an attractive option for businesses seeking efficient and functional warehouse space in New Castle County. The property is completely vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $11,237,200

  6.5%

  $10,372,800

  7%

  $9,631,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,071,810

  Geo Method

  $2,508,670

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,356,300

  Mixed-Use / Specialty

  $5,366,520

  Hospitality / Lodging

  $3,975,400

  Office

  $5,365,160

  Institutional / Educational

  $5,589,490

  Residential Income

  $6,539,700

  Multifamily

  $7,680,880

  Automotive / Energy

  $4,790,990

  Parking / Income-Based Land

  $1,624,360

  Restaurant / Food Service

  $2,853,720

  Healthcare / Senior Housing

  $5,473,210

Location Insight

City

New Castle

County

New Castle

State

Delaware

Latitude

39.6915

Longitude

-75.5725

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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