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Industrial Flex Space with Loading Docks
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312 Cherry Lane, New Castle, DE 19720

Standalone industrial/flex space with dock-high and drive-in loading, wet sprinklers, and a deep truck court.

Space Size19,000 SF
Property Size42,000 SF
Lot Size2.80 Acres
Days on Market89

Property Features for 312 Cherry Lane

General Information

Standard status Active
Size 19,000 SF
Net Rentable 19,000 SF
Total Parking Spaces 43
Lot size 2.80 Acres
Property subtype Industrial
Zoning Heavy Industrial

Space & Availability

Available Space 19,000 SF
Contiguous Space 19,000 SF
Space Use Flex

Warehouse & Industrial

Clear Height 16 ft
Dock-High Doors 4
Drive-In Doors 2
Truck Court Depth 100 ft
Column Spacing 44 x 40 ft
Sprinkler System Yes

Additional Details

CAM $2.00 /USD/SF/YR
Highway Access Yes

Building Details

Year Built 1989
Buildings 1
Building Size 42,000 SF
Listing Agency: CBRE - Wilmington
Listed By: Dan Reeder · License #RS-0039298
Source: Cbre
Added: Jun 3 Changed: Aug 29 Last Checked: Aug 30 at 1:13PM

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 CBRE - Wilmington

Investment Insights

Based on property information with market context.

Unit #2 offers +19,000 SF within a +42,000 RSF industrial/flex property on 2.8 acres. The 1989 building measures 175' by 230' and provides 15'–16' clear height, four dock-high loading doors, including two equipped with levelers, and two drive-in doors. A 100' truck court supports loading activity, while 44' x 40' column spacing provides a practical interior layout. The building is served by a wet sprinkler system and includes 43 car parking spaces.

Recent improvements include new LED lighting and fresh paint. The property is zoned Heavy Industrial and is positioned in a New Castle industrial park less than 1 mile from I-295 and Route 9. I-95, I-495, Route 202, the Port of Wilmington, and New Jersey are within 3 miles.

Key Highlights

  • +19,000 SF available in Unit #2 within a +42,000 RSF industrial/flex property
  • 2.8‑acre site with a 100' deep truck court
  • Four dock‑high doors, including 2 with levelers, plus Two drive‑in doors

Property Analytics

Current Use

Malltail Corporate Office Scope Services Plumbing Service

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Building Supply Spa & Massage Center

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

16 ft
Clear height
4
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

284
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for New Castle, DE

$14.08 /SF/Yr
Avg Asking Price
$12.5–$18 /SF/Yr
Price Range
11,163 SF
Avg Space Size

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Similar Off Market Nearby

  • Dupssy's Kitchen 125 Edge Ave, New Castle, DE 19720

Frequently Asked Questions

What type of property is this?
Flex space - Standalone industrial/flex space with dock-high and drive-in loading, wet sprinklers, and a deep truck court.
Where is this flex space located?
The property is located at 312 Cherry Lane New Castle, DE.
What are key features of this property?
This property features: +19,000 SF available in Unit #2 within a +42,000 RSF industrial/flex property; 2.8‑acre site with a 100' deep truck court; Four dock‑high doors, including 2 with levelers, plus Two drive‑in doors
More about this property
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