Property summary
This exceptional three-story, 106,878-square-foot Class B office building in New Castle, Delaware, presents a compelling investment opportunity. Located within the Corporate Commons Business Park, this prominent property boasts a substantial 35,600-square-foot floor plate and ample parking (874 spaces). Built in 1987 and situated on a 6.39-acre lot, the building is currently vacant, offering flexibility for an owner-user seeking a flagship headquarters or an investor looking to create a multi-tenant environment. The property features multiple updates to building systems and interiors, and benefits from an EPDM roof warranty extending to November 2026. Its strategic location offers easy access to Wilmington Airport, I-95, I-295, and Route 273. The flexible Business Park (BP) zoning allows for a diverse range of uses, including office, medical, research and development, industrial, and commercial, making it an ideal candidate for redevelopment. The asking price is $4,750,000, translating to $44.44 per square foot. This presents a rare opportunity to acquire a large, well-maintained office building in a thriving Delaware business park.
Property profile
VerifiedCap rate & NOI
Current use
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Financial Advisor
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Atm
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Postal Service Courier Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BP · New Castle, DEZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for BP in New Castle, DE.
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Find the owner behind the property.
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