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    1550 Matassino Rd New Castle, DE 19720

    Sponsored
    For Lease
    Contact for pricing

    Prime Delaware industrial lot, ideal for outdoor storage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.75-acre lot, located at 1550 Matassino Rd in New Castle, Delaware, presents a unique opportunity for businesses seeking expansive outdoor space. Zoned Industrial (I), this property offers significant potential for various uses, including contractor yards, trailer parking, or general outdoor storage. Built in 2007, the land boasts a single-tenant occupancy and is conveniently situated for easy access to major transportation arteries. Its proximity to I-95, 495, and 295 ensures seamless connectivity to regional and national markets. Furthermore, the property benefits from its strategic location near the Port of Wilmington, Wilmington Airport (ILG), and Philadelphia International Airport (PHL), providing unparalleled logistical advantages. The expansive lot size provides ample room for operations and future expansion, making it an attractive investment for businesses requiring significant outdoor space in a well-connected location within New Castle County. The property's industrial zoning ensures flexibility for a wide range of commercial and industrial applications. This is a rare opportunity to acquire a substantial, strategically located industrial lot in a thriving Delaware market. The property is ready for immediate development or use.

    Property Features for 1550 Matassino Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Building Details

    Year Built
    2007

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    HighLights

    • 3.75‑acre open yard lot.
    • Paved surface.
    • 1 mile to I‑295.
    • <3 miles to I‑95/495 and Delaware Memorial Bridge.
    • <4 miles to the Port of Wilmington.
    • 1.5 miles to Wilmington Airport (ILG).
    Property Profile Location Intelligence

    Current Use by Public Records

    Quarles Fleet Fueling Gas Company Arys Logistics Inc Warehouse Toon Truck & Trailer ... Truck Repair Shop Quarles Petroleum Gas Station

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.576868
    Latitude
    39.687909

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    FAQs

    What type of property is this?
    Land - Prime Delaware industrial lot, ideal for outdoor storage.
    Where is this land located?
    The property is located at 1550 Matassino Rd New Castle, DE.
    What are key features of this property?
    This property features: 3.75-acre open yard lot.; Paved surface.; 1 mile to I-295.
    Request Owner's contact information
    1550 Matassino Rd New Castle, DE 19720
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    New Castle, 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
    1550 Matassino Rd New Castle, DE 19720
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