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    277 Christiana Rd New Castle, DE 19720

    Sponsored
    For Lease
    Contact for pricing

    6.66 Acres, Multiple Tenancy Potential

    Lot size:
    290,110 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 277-283 Christiana Road in New Castle, Delaware (zip code 19720), presents a unique investment opportunity. Comprising two parcels totaling 6.66 acres of land, this site offers significant potential for a variety of uses. Currently zoned for retail, industrial, and land development, the property is ideally situated on Route 273 (Christiana Road), a high-traffic area experiencing rapid growth. The flexible zoning allows for a wide range of development options, including built-to-suit projects or ground leases. Potential uses could include residential, retail establishments, a car wash, hotel, office space, or multifamily housing. The property's prime location and versatile zoning make it an attractive proposition for developers and investors seeking to capitalize on the area's burgeoning commercial landscape. One retail space is currently available. The property's latitude and longitude coordinates are 39.662936772179116 and -75.63764888043826 respectively. This is a multi-tenancy property. Serious inquiries are encouraged.

    Property Features for 277 Christiana Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    290,110 SF

    Unit(s) available at that property

    Space
    Size
    290,110 SF

    HighLights

    • 4.87+/- acre site at 277 Christiana Rd, zoned NC6.5 (UDC Single Family), with a 6,500+/- SF building.
    • 1.79+/- acre commercial parcel at 279‑283 Christiana Rd, zoned CN (Commercial Neighborhood).
    • High traffic counts: near Rt. 13 (6,207 AADT) and Rt. 40 (54,712 AADT).
    • Conveniently located near 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
    -75.637648880438
    Latitude
    39.662936772179

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    FAQs

    What type of property is this?
    Land - 6.66 Acres, Multiple Tenancy Potential
    Where is this land located?
    The property is located at 277 Christiana Rd New Castle, DE.
    What are key features of this property?
    This property features: 4.87+/- acre site at 277 Christiana Rd, zoned NC6.5 (UDC Single Family), with a 6,500+/- SF building.; 1.79+/- acre commercial parcel at 279-283 Christiana Rd, zoned CN (Commercial Neighborhood).; High traffic counts: near Rt. 13 (6,207 AADT) and Rt. 40 (54,712 AADT).
    Request Owner's contact information
    277 Christiana 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
    277 Christiana Rd New Castle, DE 19720
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