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Office Development Site with Plans
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150 Red Mill Rd, Newark, DE 19711

Multi-acre corporate campus site with approved plans for a new office building and an underground parking garage.

Property Size60,000 SF
Lot Size5.90 Acres
Days on Market51

Property Features for 150 Red Mill Rd

General Information

Standard status Active
Size 60,000 SF
Lot size 5.90 Acres
Property subtype OFFICE
Listing Agency: NAI Emory Hill
Listed By: Neil Kilian
Source: Moodyscre
Added: Jun 10 Changed: Jul 26 Last Checked: Jul 29 at 3:20PM

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

Investment Insights

Based on property information with market context.

This offering is a development site totaling 5.9 acres within the Red Mill Corporate Center campus, with approved plans to construct up to a 90,000-square-foot office building. The approved development also includes up to a 30,000-square-foot parking garage underneath the office building.

The property is located at 150 Red Mill Rd in Newark, Delaware as part of the broader Red Mill Corporate Center campus.

The plans provide for a dedicated office structure with parking below, supporting a cohesive on-site office and parking configuration.

Key Highlights

  • 5.9‑acre corporate campus site at Red Mill Corporate Center
  • Approved plans for up to a 90,000 SF office building
  • Approved plans include up to a 30,000 SF underground parking garage

Property Analytics

Current Use

The LYCRA Company Applied ... Research Institute

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Building Supply Big Box & Wholesale Store Auto Parts Store

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

375
Businesses Nearby

Demographics for 19711, DE

48,477
Population
20,617
Households
2.4
Avg Household Size
37
Median Age
53%
College-Educated
95%
High-School Grad
27.4 sq mi
ZIP Area
1,769
Density / Sq Mi
$94,455
Median Household Income
$43,790
Median Earnings
$1,516
Median Rent
$376,300
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 - Multi-acre corporate campus site with approved plans for a new office building and an underground parking garage.
Where is this office building located?
The property is located at 150 Red Mill Rd Newark, DE.
What are key features of this property?
This property features: 5.9‑acre corporate campus site at Red Mill Corporate Center; Approved plans for up to a 90,000 SF office building; Approved plans include up to a 30,000 SF underground parking garage
(302) 521-7291 Call to check price and availability
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