929 Middletown Warwick RdMiddletown, DE 19709

Property Details for 929 Middletown Warwick Rd

Year built

1980

Construction

CONCRETE

Lot size

51.86 AC

Property size (Sq ft)

1,896 SF

Zone code

23C-3

Property type

Retail properties

Property subtype

Retail space

APN

23-065.00-010

APU

2306500010

Description

This exceptional 52-acre commercial land parcel presents a significant development opportunity in the thriving Middletown, Delaware market. Located at 929 Middletown Warwick Road, this property boasts a C-3 zoning designation, offering a wide range of potential uses. The expansive lot size provides ample space for a variety of commercial projects, catering to the growing needs of the community. The property's address is 929 Middletown Warwick Road, Middletown, DE 19709, and its location within New Castle County ensures convenient access to major transportation routes and amenities. The asking price for this remarkable property is $12,500,000. The parcel's APN is 23-065.00-010.M-0001. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area, ideal for investors seeking high-growth potential. The C-3 zoning allows for a diverse range of commercial developments, making this a highly versatile and attractive investment. Don't miss this chance to secure a prime piece of Delaware real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $1,191,137

  6.5%

  $1,099,511

  7%

  $1,020,975

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,013,271

  Geo Method

  $624,283

• Alternative Use

  Use

  Valuation

  Residential

  $927,479

  Hospitality

  $849,566

  Educational

  $706,829

  Medical

  $731,138

  Retail

  $1,099,511

Location Insight

City

Middletown

County

New Castle

State

Delaware

Latitude

39.4393

Longitude

-75.754

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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