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    308 Basin Rd Wilmington Manor, DE 19720

    Sponsored
    For Lease
    $11 SF/Yr

    Versatile warehouse/flex space for lease.

    Lot size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 310-312 W Basin RD in New Castle, DE, offers a highly desirable location with easy access to major transportation arteries including Route 13, I-95, I-295, I-495, and Route 1. The property consists of a single-story, 7,500 square foot building constructed in 1973, with the possibility of subdividing into 2,500 square foot units. The building features updated office/showroom space, enhancing its versatility for a variety of businesses. Practical features include two 10'x14' drive-in bay doors, providing convenient loading and unloading capabilities. The property benefits from three-phase power, ensuring sufficient electrical capacity for industrial operations. Built with durable masonry construction, the building is well-maintained and ready for immediate occupancy. With ample parking (50+ spaces), tenant and visitor parking is never a concern. The property sits on 2.13 acres of land and is zoned for industrial use, making it an ideal location for a range of businesses. Its strategic location in northern New Castle County provides easy transportation routes to all access points within the county. This is a rare opportunity to secure a well-located, versatile industrial space with excellent access to major transportation networks.

    Property Features for 308 Basin Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,500 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    7,500 SF
    Rate per SF
    $11

    HighLights

    • Industrial property for lease in New Castle, DE.
    • 7,500 SF total space, with possible 2,500 SF subdivision available.
    • Direct Route 13 access; easy I‑95, I‑295, I‑495, and Route 1 access.
    • Updated office/showroom space.
    • Two 10'x14' drive‑in bay doors; 3‑phase power; 50+ parking spaces.
    • 2.13 acres; masonry construction; industrially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Connecticut Metallurgical Manufacturer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington Manor
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5914025
    Latitude
    39.6835822

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    FAQs

    What type of property is this?
    Distribution property - Versatile warehouse/flex space for lease.
    Where is this distribution property located?
    The property is located at 308 Basin Rd Wilmington Manor, DE.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Industrial property for lease in New Castle, DE.; 7,500 SF total space, with possible 2,500 SF subdivision available.; Direct Route 13 access; easy I-95, I-295, I-495, and Route 1 access.
    Request Owner's contact information
    308 Basin Rd Wilmington Manor, DE 19720
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    Wilmington Manor, DE 19720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    308 Basin Rd Wilmington Manor, DE 19720
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