200 Continental DrNewark, DE 19713

Property Details for 200 Continental Dr

Year built

1986

Construction

ADOBE

Lot size

4.71 AC

Property size (Sq ft)

21,625 SF

Zone code

OR

Property type

Office properties

Property subtype

Other office properties

APN

09-018.00-073

APU

901800073

Description

This Class A, 11,288 square foot office building, renovated in 2019, is located at 200 Continental Drive, Suite 400, Newark, Delaware 19713, in New Castle County. The property offers a variety of flexible workspace options, including executive suites, coworking spaces, and creative office solutions, catering to businesses of all sizes. Currently, 5,970 square feet of space is available, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. The building features 350 total suites and convenient amenities such as on-site cafes and a luxury hotel. Its prime location provides easy access to major roadways, including I-95 and Highway 7, and is within 40 minutes of Philadelphia International Airport. The building includes elevators for convenient access to all floors. Options range from fully furnished and equipped private offices to custom spaces and day offices, with various levels of service and support available. A benefits program offering exclusive discounts and procurement support is also available to tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $9,241,920

  6.5%

  $8,531,003

  7%

  $7,921,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,586,093

  Geo Method

  $2,825,522

• Alternative Use

  Use

  Valuation

  Residential

  $10,578,443

  Hospitality

  $9,689,797

  Educational

  $8,061,798

  Medical

  $8,339,055

  Retail

  $12,540,574

Location Insight

City

Newark

County

New Castle

State

Delaware

Latitude

39.687

Longitude

-75.6577

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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