Property profile

308 Basin Rd New Castle, DE 19720

OFF-MARKET
Retail space
Property ID
US17-0489798
3,000 SF 2.13 ac lot Built 1973
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 310-312 W Basin RD in New Castle, DE, offers a highly desirable location with easy access to major transportation arteries including Route 13, I-95, I-295, I-495, and Route 1. The property consists of a single-story, 7,500 square foot building constructed in 1973, with the possibility of subdividing into 2,500 square foot units. The building features updated office/showroom space, enhancing its versatility for a variety of businesses. Practical features include two 10'x14' drive-in bay doors, providing convenient loading and unloading capabilities. The property benefits from three-phase power, ensuring sufficient electrical capacity for industrial operations. Built with durable masonry construction, the building is well-maintained and ready for immediate occupancy. With ample parking (50+ spaces), tenant and visitor parking is never a concern. The property sits on 2.13 acres of land and is zoned for industrial use, making it an ideal location for a range of businesses. Its strategic location in northern New Castle County provides easy transportation routes to all access points within the county. This is a rare opportunity to secure a well-located, versatile industrial space with excellent access to major transportation networks.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Construction CONCRETE
Total area 3,000 SF
Lot 2.13 ac (92,783 SF)
Zoning code I
APN 10-019.10-293
UPID US17-0489798

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
  • Industrial Manufacturer Production Facility

Location

308 Basin Rd New Castle, DE 19720-6406
New Castle metro Census 15200 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
$445k
Comparable Approach Comparable
$681k
Blend (final) Blend
$630k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2004
$1

Zoning & alternative use

I · New Castle, DE
Zoning description

may be utilized in a manner consistent with their prior Industrial (I) or Service Commercial (SC) zoning classification. No new structures shall be erected, and no existing structures expanded, except for uses permitted…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $840,000 +22.4%

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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