112 Patriot DrMiddletown, DE 19709

Property Details for 112 Patriot Dr

Year built

2014

Construction

CONCRETE

Lot size

1.86 AC

Property size (Sq ft)

20,064 SF

Zone code

23M-I

Property type

Retail properties

Property subtype

Retail space

APN

23-041.00-007

APU

2304100007

Description

This exceptional 11,388 square foot flex/warehouse space is available for lease at 112 Patriot Drive, Suite B, in Middletown, Delaware. Located in a Class C building constructed in 2014, this property offers a versatile layout ideal for a variety of businesses. The entire building encompasses 20,064 square feet and is currently configured as a single suite. The property benefits from its convenient location, less than a mile from the Route 301 bypass at the S. Middletown entrance/exit. This prime location offers easy access to major transportation routes, enhancing logistical efficiency. Nearby businesses include Greenhill Carwash, Tractor Supply, and the 301 Truck Stop, providing ample amenities and a thriving commercial environment. The property is zoned 23M-I within New Castle County. This flex space presents a unique opportunity for businesses seeking a functional and strategically located warehouse or flex space in a well-established commercial area. The property's size and location make it suitable for a range of industrial and commercial uses. Serious inquiries are encouraged to explore this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $12,604,944

  6.5%

  $11,635,333

  7%

  $10,804,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,722,716

  Geo Method

  $6,606,337

• Alternative Use

  Use

  Valuation

  Residential

  $9,814,839

  Hospitality

  $8,990,339

  Educational

  $7,479,857

  Medical

  $7,737,100

  Retail

  $11,635,333

Location Insight

City

Middletown

County

New Castle

State

Delaware

Latitude

39.4361

Longitude

-75.7488

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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