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    461 Old Airport Rd New Castle, DE 19720

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    1.92-Acre Industrial Lot, 2,500 SF

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.92-acre industrial property in New Castle, Delaware, presents a compelling investment opportunity. The site boasts a 2,500-square-foot building, constructed in 1965, with an 8-foot ceiling height. Zoned for heavy industrial use, this location is perfectly suited for a variety of industrial operations. The ample land provides significant space for both indoor and outdoor storage, accommodating various industrial needs, including open-air bulk storage. The property's strategic location offers immediate access to major transportation arteries, including I-95, I-295, I-495, and Route 141, ensuring seamless logistics and efficient distribution. Situated in a high-traffic area, this property benefits from excellent visibility and accessibility, making it an ideal location for businesses seeking a prominent industrial presence. The existing building is ready for immediate occupancy or can be renovated to suit specific operational requirements. This combination of building space, expansive land, and prime location makes this property a highly attractive proposition for industrial businesses seeking a strategic foothold in Delaware. The property's address is 461 Old Airport Rd, New Castle, DE 19720.

    Property Features for 461 Old Airport Rd

    General Information

    Property type
    Land
    Square Feet
    2,500 SF
    Lot Size
    83,635 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Experienced Auto Parts Auto Parts Store

    Suggested Use

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

    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
    -75.6125444
    Latitude
    39.7012251

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    FAQs

    What type of property is this?
    Land - 1.92-Acre Industrial Lot, 2,500 SF
    Where is this land located?
    The property is located at 461 Old Airport Rd New Castle, DE.
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    461 Old Airport 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
    461 Old Airport Rd New Castle, DE 19720
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