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    317 Old State Rd New Castle, DE 19720

    For Sale
    Contact for pricing

    Land available for ground lease or purchase in New Castle.

    Property size:
    135,230 SF
    Lot size:
    135.00 Acres

    Property Features for 317 Old State Rd

    General Information

    Size
    135,230 SF
    Lot size
    135.00 Acres

    Source: Brian Ashby, CCIM Agent Brian Ashby, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land on Route 40

    This commercial land is available for ground lease at $54,000 per acre per year, and is also available for purchase. The property offers a location with visibility on Route 40 in New Castle, Delaware. Traffic counts exceed 27,300 vehicles per day. The site is located minutes from Route 1 and is also accessible from Route 13. The land was previously approved for an 80-room hotel. The property size is 135,230 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6228345
    Latitude
    39.6498445

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    FAQs

    What type of property is this?
    Land - Land available for ground lease or purchase in New Castle.
    Where is this land located?
    The property is located at 317 Old State Rd New Castle, DE.
    What are key features of this property?
    This property features: - Excellent location and visibility on Route 40.; - High traffic count (27,300+ VPD).; - Minutes from Route 1 and accessible from Route 13.
    (302) 763-2349
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    317 Old State Rd New Castle, DE 19720
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    New Castle, DE 19720
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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
    317 Old State Rd New Castle, DE 19720
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