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Residential Development Land Opportunity

275 POSSUM PARK RD, Newark, DE 19711

For Sale
$1,400,000

Mostly cleared, generally level residentially zoned land totaling 3.3± acres, with trees along portions of the perimeter.

Property SizeContact for details
Days on Market236

Property Features for 275 POSSUM PARK RD

General Information

Standard status Active
Property subtype Land
Listing Agency: Long & Foster Real Estate, Inc.
Listed By: David Arthur · License #RS0039846
Source: 360
Added: Mar 17 Changed: Oct 25 Last Checked: Nov 6 at 8:19AM

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 Long & Foster Real Estate, Inc.

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Investment Insights

Based on property information with market context.

This offering consists of residentially zoned land totaling 3.3± acres. The property is mostly cleared and features generally level topography, with trees along portions of the perimeter. The site layout is described as suitable for potential residential development, subject to subdivision approval and municipal review.

The property is in the City of Newark limits and located in New Castle County, with convenient access to major roads. It is also noted as being close to the University of Delaware campus.

From a development standpoint, the combination of mostly cleared, generally flat terrain and a perimeter treeline may support a variety of subdivision layouts, pending local approvals.

Key Highlights

  • 3.3± acres of residentially zoned land in the City limits of Newark area (MLS Area: Newark/Glasgow 30905).
  • Mostly cleared lot with generally level topography and trees along portions of the perimeter.
  • Established neighborhood setting with convenient access to major roads.

Property Analytics

Who owns this building? See the owner, sales and loan history
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Suggested Use

Top Pick Parking Lot & Garage Dental Office Hair Salon Auto Repair Shop Nail Salon Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

152
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
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Mostly cleared, generally level residentially zoned land totaling 3.3± acres, with trees along portions of the perimeter.
Where is this residential land & home lot located?
The property is located at 275 POSSUM PARK RD Newark, DE.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3.3± acres of residentially zoned land in the City limits of Newark area (MLS Area: Newark/Glasgow 30905).; Mostly cleared lot with generally level topography and trees along portions of the perimeter.; Established neighborhood setting with convenient access to major roads.
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