Approved Mixed-Use Redevelopment
For Sale
Contact for pricing
Pending
1501 Casho Mill Rd, Newark, DE 19711
City-approved plans support a three-story building with ground-floor office space and upper-level apartments.
Property SizeContact for details
Days on Market143
Property Features for 1501 Casho Mill Rd
General Information
Standard status
Pending
Property subtype
Mixed Use, Multifamily, Office
Listing Agency:
Newmark
(302) 472-8035
Listed By:
Brett DiClemente · License #DE RS-0020197
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 31 at 8:13PM
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 Newmark
Investment Insights
Based on property information with market context.
The property includes a single-story office building measuring approximately 23,000 SF on 6.78 acres in New Castle County. Approved redevelopment plans convert the existing commercial structure into a three-story mixed-use building, with 20,000+/- SF of office space planned for the ground floor and 48 apartments across the second and third floors.
Located at 1501 Casho Mill Rd in Newark, the property is near the University of Delaware campus. The redevelopment has received full approvals through the City of Newark, providing a defined framework for combining office and apartment uses on the site.
Located at 1501 Casho Mill Rd in Newark, the property is near the University of Delaware campus. The redevelopment has received full approvals through the City of Newark, providing a defined framework for combining office and apartment uses on the site.
Key Highlights
- Full City of Newark approvals for mixed‑use redevelopment
- 23,000 SF single‑story office building on 6.78 acres
- Planned three‑story mixed‑use building
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - City-approved plans support a three-story building with ground-floor office space and upper-level apartments.
Where is this mixed-use property located?
The property is located at 1501 Casho Mill Rd Newark, DE.
What are key features of this property?
This property features: Full City of Newark approvals for mixed‑use redevelopment; 23,000 SF single‑story office building on 6.78 acres; Planned three‑story mixed‑use building
