0 King Ave New Castle, DE 19720
This exceptional 1.48-acre commercial land parcel presents a unique investment opportunity in New Castle, Delaware. Located at 0 King Ave (Churchman's Road), the property boasts a highly desirable CR (Commercial Regional/NCC) zoning designation, opening doors to a wide range of development possibilities. All essential utilities are readily available on-site, including water, sewer, and electricity, simplifying the development process and minimizing upfront costs. An existing stormwater pond is already in place, further reducing infrastructure hurdles. Adding to the property's appeal is an included billboard lease, generating immediate passive income potential. The strategic location in New Castle County, Delaware, with a 19720 zip code, offers excellent access to major transportation routes and a thriving local economy. This is a turnkey opportunity for developers seeking a well-situated, fully-serviced lot ready for immediate development. The asking price for this exceptional property is $1,100,000. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area.
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.