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    119 5Th St Delaware City, DE 19706

    For Sale
    $245,000

    0.52-acre lot, prime Delaware City location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.52-acre residential lot is situated at 119 5th Street in Delaware City, Delaware, zip code 19706. The property is zoned for residential use and presents a fantastic opportunity for building a new home. Located on a main thoroughfare, this cleared lot offers convenient access to local amenities and is ideally positioned near the exciting redevelopment project at Historic Fort Dupont. This significant undertaking is transforming Fort Dupont into a vibrant hub of housing and recreational activities, promising increased property values and community growth in the area. The lot's size and location also offer potential for alternative commercial uses, such as a daycare center, subject to obtaining the necessary permits and approvals. The asking price for this attractive property is $245,000. The property's latitude and longitude coordinates are 39.571183 and -75.592477 respectively. This is a rare opportunity to acquire a sizable residential lot in a rapidly developing area of Delaware City. Don't miss out on this chance to build your dream home or explore other commercial possibilities in a thriving community. The property is located in New Castle County.

    Property Features for 119 5Th St

    General Information

    Property type
    Land
    Lot Size
    22,651 SF

    HighLights

    • 0.52‑acre cleared residential lot on a main thoroughfare in Delaware City.
    • Close proximity to the redeveloped Historic Fort Dupont, featuring new housing and recreational amenities.
    • Potential for commercial use, such as a daycare center (permits required).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Pet Grooming Service Florist Locksmith Seafood Restaurant Fish Market Bike Shop Electrical Service Convenience Store Computer & Electronic Repair Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Delaware City
    County
    New Castle
    State
    Delaware
    Longitude
    -75.592477
    Latitude
    39.571183

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    FAQs

    What type of property is this?
    Land - 0.52-acre lot, prime Delaware City location.
    Where is this land located?
    The property is located at 119 5Th St Delaware City, DE.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: 0.52-acre cleared residential lot on a main thoroughfare in Delaware City.; Close proximity to the redeveloped Historic Fort Dupont, featuring new housing and recreational amenities.; Potential for commercial use, such as a daycare center (permits required).
    (302) 223-5225
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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
    119 5Th St Delaware City, DE 19706
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