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Three-Story Office Building
For Sale
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Pending

12 Reads Way, New Castle, DE 19720

Three-story office building with structured parking in New Castle Corporate Commons.

Property Size106,878 SF
Days on Market143

Property Features for 12 Reads Way

General Information

Standard status Pending
Size 106,878 SF
Property subtype Office

Building Details

Buildings 1
Stories 3
Building Size 106,878 SF
Parking Ratio 8.5 per 1,000 SF
Listing Agency: NAI Emory Hill Real Estate Services, Inc.
Listed By: Neil Kilian · License #DE RA-0002984
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 10:25PM

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 NAI Emory Hill Real Estate Services, Inc.

Investment Insights

Based on property information with market context.

This three-story office building contains 106,878 square feet of office space and includes structured parking exceeding 8.5/1,000 parking. The property is located at 12 Reads Way in New Castle, Delaware, within New Castle Corporate Commons, an office park setting.

The property is offered for purchase or lease, providing flexibility for an owner-occupant or office user seeking a substantial multi-story facility. Its location within the corporate commons places the building among other office properties in the New Castle market.

Key Highlights

  • 106,878‑square‑foot office building
  • Three‑story office configuration
  • Structured parking exceeding 8.5/1,000 parking

Property Analytics

Current Use

Discover Financial Services Financial Advisor ATM Atm FedEx Drop Box Postal Service

Suggested Use

Top Pick Hair Salon Pharmacy Parking Lot & Garage Dental Office Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

417
Businesses Nearby

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

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three-story office building with structured parking in New Castle Corporate Commons.
Where is this office building located?
The property is located at 12 Reads Way New Castle, DE.
What are key features of this property?
This property features: 106,878‑square‑foot office building; Three‑story office configuration; Structured parking exceeding 8.5/1,000 parking
More about this property
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