15 Reads WayNew Castle, DE 19720

Property Details for 15 Reads Way

Year built

1997

Construction

CONCRETE

Lot size

4.82 AC

Property size (Sq ft)

25,152 SF

Zone code

BP

Property type

Office properties

Property subtype

Other office properties

APN

10-013.00-048

APU

1001300048

Description

15 Reads Way Corporate Commons offers exceptional executive office space in New Castle, Delaware. This premier location boasts a total of 50,000 square feet, with flexible suites ranging from a minimum of 4,748 square feet to a maximum contiguous space of 9,522 square feet. Currently, there is 20,510 square feet of vacant space available, perfect for businesses seeking immediate occupancy. The property is ideally situated at the intersection of Route 141 and I-95, providing unparalleled access to major transportation arteries. Its proximity to the Greater Wilmington Airport and downtown Wilmington ensures convenient commuting for employees and clients alike. The building features contemporary amenities designed to create a productive and comfortable work environment. This is an excellent opportunity for businesses seeking high-quality office space in a strategic Delaware location. The available space is suitable for a variety of business needs, offering the flexibility to accommodate different sizes and configurations. Contact us today to learn more about this exceptional opportunity to establish your business in this thriving Delaware community. The address is 15 Reads Way, New Castle, DE 19720.

• CAP approach

  CAP return

  Valuation

  6%

  $10,749,261

  6.5%

  $9,922,394

  7%

  $9,213,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,334,077

  Geo Method

  $3,286,360

• Alternative Use

  Use

  Valuation

  Residential

  $12,303,769

  Hospitality

  $11,270,186

  Educational

  $9,376,663

  Medical

  $9,699,140

  Retail

  $14,585,920

Location Insight

City

New Castle

County

New Castle

State

Delaware

Latitude

39.6904

Longitude

-75.6108

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

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