453 Old Airport RdNew Castle, DE 19720

Property Details for 453 Old Airport Rd

Lot size

7.60 AC

Zone code

HI

Property type

Commercial land

APN

10-008.00-011

APU

1000800011

Description

This exceptional industrial property in New Castle, Delaware, offers 10.607 acres of HI-UDC zoned land ideally situated near I-95. The portfolio includes eight buildings totaling significant square footage: Building #1 (4441 sq ft), Building #2 (2073 sq ft), Building #3 (3448 sq ft, two stories, 1724 sq ft base), Building #4 (3049 sq ft), Building #5 (4362 sq ft, two stories, 2181 sq ft base), Building #6 (677 sq ft), Building #7 (3484 sq ft), and Building #8 (4230 sq ft). The property has a rich history, operating successfully as a salvage yard for over 65 years, presenting a unique opportunity for redevelopment or continued use. The asking price is $12,728,400, representing a land value of $1,200,000 per acre. The location provides excellent access to major transportation routes, making it an attractive investment for a variety of industrial uses. The property's size and zoning offer considerable flexibility for future development plans. This is a rare opportunity to acquire a substantial industrial property with significant potential in a prime Delaware location. The addresses are 453, 455, and 459 Old Airport Road, New Castle, DE 19720.

• Alternative Use

  Use

  Valuation

  Residential

  $161,944,832

  Hospitality

  $148,340,608

  Educational

  $123,417,640

  Medical

  $127,662,160

  Retail

  $191,982,992

Location Insight

City

New Castle

County

New Castle

State

Delaware

Latitude

39.7022

Longitude

-75.6145

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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