Property profile

1685 River Rd New Castle, DE 19720

FOR LEASE
Office Spaces
Property ID
US17-0314045
992 SF 13.4 ac lot Built 1993
Entity Owned 4-yr Hold ~ Est. High Equity
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1685 River Rd, New Castle, DE 19720 For Lease
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1685 River Rd, New Castle, DE 19720
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Property summary

AI-generated overview

This exceptional 1.5-acre industrial land parcel presents a unique leasing opportunity in New Castle, Delaware. Located at 1685 River Road, at the intersection of River Road and Govenor Lea Road, this property is zoned for Heavy Industrial use, making it ideal for a variety of businesses. The single-tenant site offers significant potential for development and is situated in a prime location, directly across from the Delaware City Refinery. The adjacency to White Cap, a building and material supply company, provides a strategic advantage for businesses requiring easy access to supplies and resources. The lot size is 1.5 acres, providing ample space for construction and operations. The property's zoning designation allows for a wide range of industrial uses, subject to local regulations and permitting. Further enhancing its appeal, the possibility of rail access exists, offering significant logistical benefits for businesses relying on rail transportation. This is a rare opportunity to secure a strategically located industrial land parcel in a thriving industrial area of Delaware. Interested parties are encouraged to conduct their own due diligence to verify zoning and permitted uses. The property address is 1685 River Road, New Castle, DE 19720.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1993
Construction CONCRETE
Total area 992 SF
Lot 13.4 ac (583,704 SF)
Zoning code HI
APN 12-003.00-015
UPID US17-0314045

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Industrial Manufacturer
  • Building Supply Industrial Manufacturer

Location

1685 River Rd New Castle, DE 19720
New Castle metro Census 16404 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$625k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2021
Price N/A
2017
Price N/A
2005
$10
2004
$10
1969
Price N/A
1969
Price N/A

Zoning & alternative use

HI · New Castle, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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