312 Cherry Ln New Castle, DE 19720
This exceptional 42,000-square-foot industrial flex building presents a unique investment opportunity in New Castle, Delaware's Riveredge Industrial Park. Constructed in 1989, this single-story structure sits on a generous 2.8-acre lot and is zoned for heavy industrial use. The building features seven loading docks, including five dock-high doors, providing ample space for efficient loading and unloading operations. Ceiling heights range from 15 to 16 feet, offering versatile storage and operational capabilities. Its strategic location within the Riveredge Industrial Park offers easy access to major transportation arteries, including Interstate 95, Interstate 495, and Route 202, placing it within three miles of these key thoroughfares. The property's proximity to the Port of Wilmington and New Jersey further enhances its logistical advantages, providing seamless connectivity to national and international markets. This location also benefits from its proximity to significant population centers. This rare stand-alone building presents a compelling opportunity for businesses seeking a well-situated, functional, and spacious industrial or flex space in a thriving Delaware industrial park. The property's size, features, and location combine to create a highly desirable asset for a variety of industrial and commercial uses. This is a chance to acquire a substantial and strategically positioned property in a sought-after area.
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Malltail Corporate Office
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Scope Services Plumbing Service General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.