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    FOR LEASE
    Gas stations

    1550 Matassino Rd, New Castle, DE 19720

    22.87 ac lot Built 2007
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US17-0118703
    Property summary
    AI-generated overview

    This exceptional 3.75-acre lot, located at 1550 Matassino Rd in New Castle, Delaware, presents a unique opportunity for businesses seeking expansive outdoor space. Zoned Industrial (I), this property offers significant potential for various uses, including contractor yards, trailer parking, or general outdoor storage. Built in 2007, the land boasts a single-tenant occupancy and is conveniently situated for easy access to major transportation arteries. Its proximity to I-95, 495, and 295 ensures seamless connectivity to regional and national markets. Furthermore, the property benefits from its strategic location near the Port of Wilmington, Wilmington Airport (ILG), and Philadelphia International Airport (PHL), providing unparalleled logistical advantages. The expansive lot size provides ample room for operations and future expansion, making it an attractive investment for businesses requiring significant outdoor space in a well-connected location within New Castle County. The property's industrial zoning ensures flexibility for a wide range of commercial and industrial applications. This is a rare opportunity to acquire a substantial, strategically located industrial lot in a thriving Delaware market. The property is ready for immediate development or use.

    Property profile
    Verified
    Property type Gas stations
    Use group GAS STATION
    Year built 2007
    Construction CONCRETE
    Lot 22.87 ac (996,217 SF)
    Zoning code I
    APN 10-014.00-012
    UPID US17-0118703
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Quarles Fleet Fueling Gas Station Petroleum Products Company
    • Arys Logistics Inc Warehouse & Storage
    • Toon Truck & Trailer Repair Auto Repair Shop
    • Quarles Petroleum Gas Station
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $560k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $560k
    Owner & transaction history
    Continental Block Co · 1 yrs held
    Continental Block Co
    since 2025
    4 recorded transactions
    2025
    2022
    2012
    2011
    Zoning & alternative use
    I · New Castle, DE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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