Property profile

3014 New Castle Ave New Castle, DE 19720

FOR SALE
Commercial land
Property ID
US17-0222120
Built 1950
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Property summary

AI-generated overview

Prime Commercial Development Site – ±3.99 Acres on New Castle Avenue (Route 9) Outstanding opportunity to acquire the Nesci Subdivision, an assemblage of nine parcels totaling approximately 3.99 acres along high-traffic New Castle Avenue (Route 9) in New Castle, Delaware. Eight parcels (±3.90 acres) are zoned CR (Commercial Regional), offering broad flexibility for commercial development. An additional 0.09-acre lot zoned NC5 (Neighborhood Conservation) is located within the adjacent Holloway Terrace neighborhood. This property boasts exceptional visibility and access, located less than half a mile from Interstate 295 and immediately off the Route 9 North exit at the base of the Delaware Memorial Bridge linking Delaware and New Jersey. The site is positioned between McDonald’s and the newly constructed New Castle Public Library, an area experiencing renewed investment and strong traffic volumes. Currently improved with seven residential rentals (five single-family homes and two two-unit apartments)- being sold As-Is, all parcels conveyed together. Key Highlights: • Total Acreage: ±3.99 acres (8 CR-zoned, 1 NC5-zoned parcel) • Zoning: CR (Commercial Regional) & NC5 (Neighborhood Conservation) • Frontage: High visibility along Route 9 / New Castle Avenue • Access: Immediate connectivity to I-295, Delaware Memorial Bridge, and I-95 corridor • Traffic Count: Excellent exposure on one of New Castle’s busiest commercial corridors • Sale Condition: Sold As-Is, all parcels conveyed together Tax parcels 1001000019, 1001000026,1001000027,1001000028, 1001000029, 1001000030, 1001000031, 1001000032,1001040151. This assemblage represents one of the few remaining large, contiguous commercial-zoned tracts in this corridor, offering unmatched access, visibility, and long-term growth potential. bikeScore: 39, Somewhat Bikeable walkScore: 48, Car-Dependent

Property profile

Verified
Property type Commercial land
Year built 1950
UPID US17-0222120

Cap rate & NOI

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

Location

3014 New Castle Ave New Castle, DE 19720
New Castle metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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