Single-Story Flex Office
For Lease
$18 SF/Yr
118 Lukens Dr, New Castle, DE 19720
43,000 SF flex office with expansion potential on 11.49 acres.
Space Size43,000 SF
Lot Size11.49 Acres
Days on Market206
Property Features for 118 Lukens Dr
General Information
Standard status
Active
Size
43,000 SF
Class
C
Lot size
11.49 Acres
Property subtype
Flex Space
Lease Term
+ Utilities and Trash
Building Details
Building Size
43,000 SF
Year Built
1999
Spaces For Lease
at 118 Lukens Dr Contact us- Size
- 43,000 SF
- Type
- Flex Office Building
- Term
- Negotiable
118 Lukens Dr. New Castle, DE $18/SF/Yr
Listing Agency:
(302) 545-2392
Listed By:
Jeff Shahan, SIOR
Source:
Sbrealtyco
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 21 at 4:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jeff Shahan, SIOR
Investment Insights
Based on property information with market context.
This 43,000 SF stand-alone, single-story flex office building is situated in Riveredge Park, offering views of the Delaware Memorial Bridge. The property, located within the municipal city limits of the City of New Castle, features a call center buildout with an open floor plan. Originally planned with expansion in mind, the building has the potential for an additional 40,000 SF expansion on its 11.49-acre lot. The property includes over 60 private perimeter offices, three conference rooms, two training rooms, a cafeteria, a storage room, and a mail room. It also features an oversized parking lot with 351 spaces, providing an 8:1,000 parking ratio. A 600 KW, 480V KVA Generac backup generator is included. The location provides immediate access to all interstate highways in Delaware, situated at the base of the Delaware Memorial Bridge and entrances to I-95, 495, 295, SR1, and SR13. It is five minutes from the city of Wilmington, 30 minutes from Philadelphia, one hour from Baltimore/DC, and two hours from NYC.
Key Highlights
- Prime location with immediate access to I‑95, 495, 295, SR1, and SR13, offering convenient access to Wilmington, Philadelphia, Baltimore/DC, and NYC.
- Significant expansion potential with an 11.49‑acre lot allowing for approximately 40,000 SF of additional building space.
- Equipped with a 600 KW, 480V Generac backup generator, ensuring business continuity.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19720, DE
61,043
Population
24,262
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
38.3 sq mi
ZIP Area
1,594
Density / Sq Mi
$75,985
Median Household Income
$42,600
Median Earnings
$1,282
Median Rent
$242,600
Median Home Value
Market
Lease Benchmarks for New Castle, DE
$14.1 /SF/Yr
Avg Asking Price
$12.5–$18 /SF/Yr
Price Range
11,092 SF
Avg Space Size
This space is priced 28% above the average of $14.1 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Dupssy's Kitchen — 125 Edge Ave, New Castle, DE 19720
Frequently Asked Questions
What type of property is this?
Flex space - 43,000 SF flex office with expansion potential on 11.49 acres.
Where is this flex space located?
The property is located at 118 Lukens Dr New Castle, DE.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Prime location with immediate access to I‑95, 495, 295, SR1, and SR13, offering convenient access to Wilmington, Philadelphia, Baltimore/DC, and NYC.; Significant expansion potential with an 11.49‑acre lot allowing for approximately 40,000 SF of additional building space.; Equipped with a 600 KW, 480V Generac backup generator, ensuring business continuity.
