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    New Castle, DE
    Parking & Garage

    New Castle, DE Parking Lots & Garages for Sale

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    Automotive Property with Service Area
    Updated: Oct 7, 2024
    Automotive Property with Service Area

    421-423 W 7 St, New Castle, DE

    $2,100,000
    21,023 sqft 0.38 AC lot
    Total of 1.65 +/- Acres across multiple parcels.
    Two buildings totaling 21,013 +/- SF.
    Significant parking capacity: estimated 90‑115 spaces across all lots.
    Includes a building with a large auto service area.
    Shop space with six garage doors.
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    This listing looks promising.

    Here's a quick look at some key insights for

    421-423 W 7 St, New Castle, DE

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    • Est. Cap Rate

      5.6%
      NOI ÷ price

    • Est. NOI

      $119K
      Annual

    • Price @ 7% Cap

      $1.69M
      Suggested
    View Property Analytics
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in New Castle, DE, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Philadelphia Land Package with Garages
    Philadelphia Land Package with Garages

    7627 ESTE Avenue, Philadelphia, PA 19153

    $349,900
    0.30 AC lot

    Three buildable lots with income-producing garages in Penrose neighborhood.

    View details
    Seven Garages with Buildable Lot
    Seven Garages with Buildable Lot

    923 WRIGHT St, Wilmington, DE 19805

    $139,999
    0.09 AC lot

    Seven garages with additional buildable lot for sale.

    View details
    Seven Garages Plus Buildable Lot
    Seven Garages Plus Buildable Lot

    923 WRIGHT Street, Wilmington, DE 19805

    $147,000
    1,480 sqft 0.09 AC lot

    Seven garages with a buildable lot for sale.

    View details
    Deeded Parking Space
    Deeded Parking Space

    224-231 N 2nd St, Philadelphia, PA 19106

    Contact for pricing

    Own a deeded parking space at Old City Parkominium with 24/7 valet service and on-site security.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Cleared Lot in Historic Downtown
    Cleared Lot in Historic Downtown

    111 N MAIN Street, Port Deposit, MD 21904

    $40,000
    0.14 AC lot

    Flat lot ready for building or boat storage.

    View details
    Deeded Parking Space in Philadelphia
    Deeded Parking Space in Philadelphia

    Philadelphia, PA 19147

    $130,000
    0.01 AC lot

    Private deeded parking space in Queen Village/Society Hill area.

    View details
    Partially Paved Commercial Lot
    Partially Paved Commercial Lot

    Sicklerville, NJ 08081

    $299,000

    Partially paved 1.56-acre lot with Sicklerville Rd frontage in Gloucester Twp’s NC zoning district.

    View details
    Galloway Township Land Opportunity
    Galloway Township Land Opportunity

    45 W White Horse, Galloway Township, NJ 08205

    $165,000
    0.70 AC lot

    Multiple lots in prime location, suitable for commercial or residential.

    View details

    Off-Market Properties in New Castle, DE

    Consider similar Off-Market properties in New Castle, DE. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    14th St
    PARKING LOT

    14th St, New Castle, DE 19720

    Value Estimation by Request
    0.11 AC lot
    View details
    14th St
    PARKING LOT

    14th St, New Castle, DE 19720

    Value Estimation by Request
    0.11 AC lot
    View details

    New Castle, DE Parking Lots & Garages Market Trends and Statistics

    Explore 3 parking lots & garages for sale in New Castle, DE on our real estate platform. These investment opportunities span a total of 21,023 square feet of properties for sale, with an estimated market value of $2,100,000.

    Sale prices for parking garages in New Castle, DE start at $2,100,000, averaging $2,100,000, and reaching up to $2,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Industrial properties 39
    Warehouses 37
    Office Spaces 22
    Retail properties & Spaces 21
    Flex space 19

    Demographics Overview

    Population 61K
    Population Growth (5Y) -1.2%
    Median Household Income $75,985
    College Educated 10.2%

    Taxes & Financing

    Tax Rate (average for all types) 3.47%
    Property Tax per SF $81.81 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in New Castle County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in New Castle fall within the 100,000+ square foot range.

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