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    601 Ridge Ave Middletown, DE 19709

    Sponsored
    For Lease
    Contact for pricing

    Prime 1-Acre Retail Pad Site

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1-acre retail pad site, located at 601 S Ridge Ave in Middletown, Delaware, presents a unique investment opportunity. Situated at the intersection of Middletown Warwick Road and Bunker Hill Road in New Castle County, this property offers unparalleled visibility and accessibility. The site is zoned for commercial use and is ideal for a single-tenant retail development, particularly suited for a drive-thru operation given its "pad" site designation. The land encompasses 43,560 square feet, providing ample space for building construction and associated parking. The property's location within the thriving Middletown community ensures high traffic volume and a strong customer base. This ground lease opportunity allows for significant development potential, capitalizing on the strategic location and high demand for retail space in this rapidly growing area. The property's address is 601 S Ridge Ave, Middletown, DE 19709. Its convenient location and significant size make it an attractive proposition for businesses seeking a prominent presence in a bustling Delaware market. This is a single-tenant property, offering a streamlined approach to development and management. The property's coordinates are 39.4479706 latitude and -75.7340599 longitude. This is a ground lease only opportunity.

    Property Features for 601 Ridge Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Unit(s) available at that property

    Space
    Size
    43,560 SF

    HighLights

    • 1‑acre retail pad site in Middletown, DE, at 601 S Ridge Ave.
    • High‑visibility location at Middletown Warwick Rd and Bunker Hill Rd intersection in New Castle County.
    • Zoned for commercial use, ideal for single‑tenant retail development with drive‑thru potential.
    • 43,560 square feet; ample space for building and parking.
    • Strong customer base in thriving Middletown community with high traffic volume.
    • Ground lease opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kohl's Department Store SEPHORA at Kohl's Cosmetics Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7340599
    Latitude
    39.4479706

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    FAQs

    What type of property is this?
    Land - Prime 1-Acre Retail Pad Site
    Where is this land located?
    The property is located at 601 Ridge Ave Middletown, DE.
    What are key features of this property?
    This property features: 1-acre retail pad site in Middletown, DE, at 601 S Ridge Ave.; High-visibility location at Middletown Warwick Rd and Bunker Hill Rd intersection in New Castle County.; Zoned for commercial use, ideal for single-tenant retail development with drive-thru potential.
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    601 Ridge Ave Middletown, DE 19709
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    Middletown, DE 19709
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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
    601 Ridge Ave Middletown, DE 19709
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