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    421-423 W 7Th St New Castle, DE 19720

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    For Sale
    $2,100,000

    Automotive property featuring service areas and ample parking.

    Property size:
    21,023 SF
    Lot size:
    0.38 Acres

    Property Features for 421-423 W 7Th St

    General Information

    Size
    21,023 SF
    Lot size
    0.38 Acres

    Source: LMT Commercial Realty / CORFAC International Agent Chris Moore

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

    Overview

    Automotive Property with Service Area

    The property at 421 W 7th St consists of approximately 0.59 acres improved by a 7,988 square foot building. The building is currently occupied by three tenants on month-to-month leases. The shop space includes six garage doors and an office. The lot provides an estimated 30 to 40 parking spaces. Adjacent to this, the properties at 423 W 7th St and 0 W 7th St encompass approximately 1.06 acres with parking. These lots are improved by a 13,025 square foot building that features a large auto service area, a waiting area, a bathroom, a part supply area, and an office. The combined lots offer an estimated 60 to 75 parking spaces. Additionally, a small adjacent lot at 0 Gray St, measuring approximately 0.06 acres, is included in the property. These properties are bisected by a public road.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Similar Places Nearby

    Tito's Auto Services, Trans Plus Inc, Churchman's Auto Services, Fast Help Towing & RecoveryLLC., Muldoon's Performance Transmissions

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5720787
    Latitude
    39.6594599

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    FAQs

    What type of property is this?
    Auto shop - Automotive property featuring service areas and ample parking.
    Where is this auto shop located?
    The property is located at 421-423 W 7Th St New Castle, DE.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Total of 1.65 +/- Acres across multiple parcels.; - Two buildings totaling 21,013 +/- SF.; - Significant parking capacity: estimated 90-115 spaces across all lots.
    (302) 383-1911
    Request Owner's contact information
    421-423 W 7Th St 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
    421-423 W 7Th St New Castle, DE 19720
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