111 Ruthar Dr, Newark, DE 19711
- Warehouses
- 10,200 SF
- 1.66 lot acres
Current Use by Public Records
- Phar Merica / Pharmacy
- Elaine P. Voit, RPh / Pharmacy
- Gloria F. Akinkunmi, PharmD / Pharmacy
- Wayne C. Sartorio Sr, PharmD / Pharmacy
- Patricia A. Klishevich, RPH / Pharmacy
Property Details for 111 Ruthar Dr
- Year built
- 1994
- Construction
- CONCRETE
- Lot size
- 1.66 lot acres
- Zone code
- I
- Property type
- Warehouses
- APN
- 09-017.00-069
- APU
- 901700069
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 17, 2023 | — | 111 Ruthar LLC | 111 Ruthar Drive LLC | Intrafamily Transfer · related | $2.3M · Pinncacle Bank |
| Sep 10, 2021 | — | 111 Ruth Drive LLC | — | Deed · related | $100k · Univest Bank & Trust Co |
| Jan 12, 2021 | — | 111 Ruthar Drive LLC | — | Deed · related | $4.8M · Univest Bank & Trust Co |
| Jan 20, 2017 | — | 111 Ruthar Drive LLC | — | Deed · related | $100k · Union Community Bank Fsb |
| Oct 1, 2010 | $1,100,000 | 111 Ruthar Drive LLC | Al Family Real Estate LLC | Deed | $1.5M · Province Bank Fsb |
| — | — | 111 Ruthar Drive LLC | — | Deed Of Trust · related | $2.2M · Wsmt INC |
| — | — | Al Family Real Estate Ptshp | — | Deed Of Trust · related | — |
| — | — | 111 Ruthar Drive LLC | — | Deed Of Trust · related | $250k · Union Cmnty Bk |
| — | — | 111 Ruthar Drive LLC | — | Deed Of Trust · related | $400k · Union Cmnty Bk |
| — | — | 111 Ruthar Drive LLC | — | Deed Of Trust · related | $600k · Union Community Bank Fsb |
| — | — | 111 Ruthar Drive LLC | — | Deed Of Trust · related | $2.4M · Union Cmnty Bk |
Description
This exceptional 16,000-square-foot industrial property at 111 Ruthar Drive in Newark, Delaware, presents a unique investment opportunity. Currently offering 3,300 square feet of immediately available space within a single-story, Class B building, this flex/warehouse space is perfect for a variety of businesses. The building sits on a 1.66-acre lot and features a 20-foot ceiling height, ideal for storage or high-volume operations. One loading dock and one dock-high door ensure efficient loading and unloading. Ample parking is available for employees and clients. The property is zoned for industrial use and benefits from a convenient location within the Harmony Industrial Park, providing easy access to major transportation arteries including I-95, Route 72, and Route 2, offering seamless connectivity throughout New Castle County. The landlord is open to negotiating tenant improvements, making this space adaptable to specific business needs. The existing tenant occupies the remaining space, creating a stable environment. This property offers a blend of functionality and accessibility, making it an attractive option for businesses seeking a strategic location in Delaware. The 19711 zip code provides access to a robust workforce and established infrastructure. This is a single-tenant building with significant potential for growth and customization.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,605,000
- ML approach
- $1,555,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,325,000
- 6.5%
- $1,220,000
- 7%
- $1,135,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $754,000
Market price range: $191k - $780k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,400,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- New Castle
- State
- Delaware
- Longitude
- -75.6915
- Latitude
- 39.6919
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
