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Historic Mixed-Use Assemblage
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702-6 Delaware Street Historic, New Castle, DE 19720

Two buildings combine commercial space with three-bedroom apartments and rear parking.

Property SizeContact for details
Days on Market159

Property Features for 702-6 Delaware Street Historic

General Information

Standard status Active
Property subtype Mixed Use, Multifamily, Office, Retail
Zoning DG - Downtown Gateway
Listing Agency: Location Realty Advisors LLC
Listed By: Chris Castagno · License #DE RB -0020139
Source: Crexi
Added: Mar 26 Changed: Aug 30 Last Checked: Aug 30 at 9:00PM

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 Location Realty Advisors LLC

Investment Insights

Based on property information with market context.

This offering combines two parcels and buildings at 702 and 706 Delaware Street in Historic New Castle. The 702 Delaware Street property contains 2,888 SF on 0.40 acres, with vacant commercial space on the first floor, a rented three-bedroom apartment on the second floor, and an unfinished third floor. The 706 Delaware Street building contains 1,550 SF on 0.62 acres, with renovated first- and second-floor space configured as a rented three-bedroom apartment.

The assemblage provides access from Delaware Street and W. 7th Street, approximately 249 feet of frontage, and about 200 feet of depth. Rear parking serves the properties. The site is across from Walgreens and near Portofino's Restaurant, Dollar General, Battery Park, and First State National Park. Both parcels are zoned DG - Downtown Gateway and lie within the Downtown Development District, which includes development incentives.

Key Highlights

  • Two parcels and buildings offered together at 702 and 706 Delaware Street
  • 702 Delaware Street: 0.40 Ac with a 2,888 SF mixed‑use building
  • 706 Delaware Street: 0.62 Ac with a 1,550 SF mixed‑use building

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Gym & Fitness Center Skin Care Clinic

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

596
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 Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two buildings combine commercial space with three-bedroom apartments and rear parking.
Where is this mixed-use property located?
The property is located at 702-6 Delaware Street Historic New Castle, DE.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two parcels and buildings offered together at 702 and 706 Delaware Street; 702 Delaware Street: 0.40 Ac with a 2,888 SF mixed‑use building; 706 Delaware Street: 0.62 Ac with a 1,550 SF mixed‑use building
More about this property
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