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    701 Capitol Trl Newark, DE 19711

    For Sale
    Contact for pricing

    Level lot, ideal for various businesses.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 0.41-acre commercial lot presents a remarkable opportunity for entrepreneurs and established businesses alike. Strategically located at 701 Capitol Trail in Newark, Delaware, this property boasts convenient access to both Kirkwood Highway and Capitol Trail, ensuring high visibility and easy accessibility for customers and employees. The land is completely level and has been cleared of trees and brush, eliminating the need for costly site preparation. Zoned CR, this lot allows for a wide range of commercial uses, providing flexibility for diverse business ventures. Imagine establishing your own landscaping business, utilizing the space for equipment storage, or creating a thriving retail operation. The possibilities are endless. Its prime location offers proximity to established businesses, including a Wendy's restaurant and the Possum Park Shopping Mall, ensuring high foot traffic and brand visibility. This is a rare opportunity to secure a well-situated, ready-to-develop commercial lot in a thriving Delaware community. Don't miss out on this chance to build your business in a highly desirable location. The lot is conveniently located behind a real estate office, adding to its accessibility and visibility. Act quickly to secure this exceptional property.

    Property Features for 701 Capitol Trl

    General Information

    Property type
    Other commercial real estate
    Lot Size
    17,860 SF

    Building Details

    Year Built
    2020
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Delaware Home Re/New General Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.71889
    Latitude
    39.69522

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    FAQs

    What type of property is this?
    Commercial real estate - Level lot, ideal for various businesses.
    Where is this commercial real estate located?
    The property is located at 701 Capitol Trl Newark, DE.
    (302) 737-9000
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    Newark, DE 19711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 Capitol Trl Newark, DE 19711
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