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    699 Ferry Cut Off St New Castle, DE 19720

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    For Sale
    $1,500,000

    Mixed-use property with retail and residential income potential.

    Property size:
    6,800 SF
    Lot size:
    0.72 Acres

    Property Features for 699 Ferry Cut Off St

    General Information

    Size
    6,800 SF
    Lot size
    0.72 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

    Mixed-Use Property in Downtown Gateway

    Located in New Castle's Downtown Gateway District, 699 Ferry Cut Off is a mixed-use property featuring a 6,800 square foot building on a 0.72-acre lot. Zoned 21DG, the property is suitable for retail or vehicle-related businesses. As an income-producing property, it includes six residential tenants and one commercial tenant, with a 100% lease rate.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5661419
    Latitude
    39.663352

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and residential income potential.
    Where is this mixed-use property located?
    The property is located at 699 Ferry Cut Off St New Castle, DE.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Income-producing property with 100% lease rate.; - Prime location in New Castle's Downtown Gateway District.; - Zoned 21DG, presenting excellent opportunity for retail or vehicle-related user.
    (302) 383-1911
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    699 Ferry Cut Off 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
    699 Ferry Cut Off St New Castle, DE 19720
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