308 Basin Rd Wilmington Manor, DE 19720
- Retail space
- 3,000 SF
- 2.13 lot acres
Current Use by Public Records
- Connecticut Metallurgical / Manufacturer
Property Details for 308 Basin Rd
- Year built
- 1973
- Construction
- CONCRETE
- Lot size
- 2.13 lot acres
- Property size
- 3,000 SF
- Zone code
- I
- Property type
- Retail space
- APN
- 10-019.10-293
- APU
- 1001910293
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $390,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $595,000
- 6.5%
- $605,000
- 7%
- $540,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $530,000
- Geo Method
- $665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $620,000
- Mixed-Use
- $555,000
- Hospitality
- $610,000
- Educational
- $495,000
- Residential Income
- $600,000
- Energy
- $510,000
- Income-Based Land
- $640,000
- Food Service
- $635,000
Location Insight
- Map
- Local Demand
- City
- New Castle
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5914
- Latitude
- 39.6836
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA