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    277 Christiana Rd New Castle, DE 19720

    Sponsored
    For Sale
    $4,500,000

    6.66 Acres, Prime New Castle Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.66-acre commercial land parcel presents a unique investment opportunity in New Castle, Delaware. Strategically located on Christiana Road (Route 273), this property comprises two parcels: a 4.87-acre section zoned NC6.5 (UDC-Single Family) with approximately 6,500 square feet, and a 1.79-acre section zoned CN (Commercial Neighborhood). The asking price is $4,500,000. The property's versatile zoning allows for a wide range of development possibilities, including car washes, hotels, medical offices, multi-tenant retail spaces, senior living facilities, and single-family or multi-family residential projects. Its prime location offers excellent visibility and accessibility, situated near the high-traffic corridors of Route 13 (AADT: 6,207 vehicles per day) and Route 40 (AADT: 54,712 vehicles per day). Furthermore, its proximity to the New Castle County Airport adds to its strategic appeal. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area with significant potential for future growth and high returns. Detailed zoning information and site plans are available upon request. Don't miss this chance to secure this exceptional development site.

    Property Features for 277 Christiana Rd

    General Information

    Property type
    Land
    Lot Size
    290,110 SF

    HighLights

    • 4.87+/- acres zoned NC6.5 (UDC‑Single Family) with a 6,500+/- SF building at 277 Christiana Rd.
    • 1.79+/- acres zoned CN (Commercial Neighborhood) at 279‑283 Christiana Rd.
    • Excellent location near heavily trafficked Routes 13 (6,207 AADT) and 40 (54,712 AADT).
    • Close proximity to New Castle County Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Learning Experience - New ... Day Care Center

    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
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.63764888
    Latitude
    39.66293677

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    FAQs

    What type of property is this?
    Land - 6.66 Acres, Prime New Castle Location
    Where is this land located?
    The property is located at 277 Christiana Rd New Castle, DE.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 4.87+/- acres zoned NC6.5 (UDC-Single Family) with a 6,500+/- SF building at 277 Christiana Rd.; 1.79+/- acres zoned CN (Commercial Neighborhood) at 279-283 Christiana Rd.; Excellent location near heavily trafficked Routes 13 (6,207 AADT) and 40 (54,712 AADT).
    (302) 414-1000
    Request Owner's contact information
    277 Christiana Rd New Castle, DE 19720
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    277 Christiana Rd
    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
    277 Christiana Rd New Castle, DE 19720
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