1685 River RdNew Castle, DE 19720

Property Details for 1685 River Rd

Year built

1993

Construction

CONCRETE

Lot size

13.40 AC

Property size (Sq ft)

992 SF

Zone code

HI

Property type

Office properties

Property subtype

Other office properties

APN

12-003.00-015

APU

1200300015

Description

This exceptional 1.5-acre industrial land parcel presents a unique leasing opportunity in New Castle, Delaware. Located at 1685 River Road, at the intersection of River Road and Govenor Lea Road, this property is zoned for Heavy Industrial use, making it ideal for a variety of businesses. The single-tenant site offers significant potential for development and is situated in a prime location, directly across from the Delaware City Refinery. The adjacency to White Cap, a building and material supply company, provides a strategic advantage for businesses requiring easy access to supplies and resources. The lot size is 1.5 acres, providing ample space for construction and operations. The property's zoning designation allows for a wide range of industrial uses, subject to local regulations and permitting. Further enhancing its appeal, the possibility of rail access exists, offering significant logistical benefits for businesses relying on rail transportation. This is a rare opportunity to secure a strategically located industrial land parcel in a thriving industrial area of Delaware. Interested parties are encouraged to conduct their own due diligence to verify zoning and permitted uses. The property address is 1685 River Road, New Castle, DE 19720.

• CAP approach

  CAP return

  Valuation

  6%

  $423,953

  6.5%

  $391,341

  7%

  $363,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $210,377

  Geo Method

  $129,615

• Alternative Use

  Use

  Valuation

  Residential

  $485,263

  Hospitality

  $444,498

  Educational

  $369,817

  Medical

  $382,536

  Retail

  $575,272

Location Insight

City

New Castle

County

New Castle

State

Delaware

Latitude

39.5988

Longitude

-75.6281

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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