317 Old State Rd New Castle, DE 19720
This exceptional 3.13-acre commercial land parcel, located at 317 Old State Rd, New Castle, DE 19720, presents a unique development opportunity. Situated off southbound Route 13 Dupont Highway, just south of the Route 13-40 split, and behind the Pockets Shopping Center, this property boasts a highly desirable Commercial Regional (CR) zoning designation within New Castle County. A previously approved plan, available for review, details a potential 3-story, 80-key hotel with a 37,421 square foot building. While the 2010 Record Plan has expired, it serves as a valuable concept for potential uses. The CR zoning allows for a wide range of development possibilities, and a detailed CR use chart is accessible for thorough due diligence. The property's prime location and flexible zoning make it an attractive investment for developers seeking a high-impact project. The parcel's APN is 10-034.00-064. The asking price for this exceptional opportunity is $1,800,000. This is a rare chance to acquire a significant commercial land holding in a thriving Delaware location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.