Property profile

350 Pigeon Pt Rd New Castle, DE 19720

OFF-MARKET
Office Spaces
Property ID
US17-0266303
936 SF 3.09 ac lot Built 1984
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 11,409-square-foot distribution center in New Castle, Delaware, presents a significant opportunity for businesses seeking a strategically located industrial space. Situated on a 1.54-acre lot, the property boasts a single-tenant occupancy, offering complete control and flexibility. The building features a generous 15-foot ceiling height, providing ample vertical space for storage and operations. Eight convenient drive-in doors ensure efficient loading and unloading, streamlining logistics. The property is zoned HI - Heavy Industrial (New Castle County), allowing for a wide range of industrial uses. Its prime location offers unparalleled access to major transportation arteries. Within minutes of Interstates 95, 495, and 295, the property provides seamless connectivity to the entire Eastern Seaboard. The proximity to the Port of Wilmington further enhances its logistical advantages. The location is also strategically positioned just 3 miles from Wilmington, 7 miles from New Jersey, and 33 miles from Philadelphia, providing access to a large and diverse workforce and consumer base. The entire 11,409 square feet is currently vacant, ready for immediate occupancy. This property is ideal for businesses seeking a modern, efficient, and strategically located distribution facility in the thriving Delaware market. The 19720 zip code ensures easy access to a robust infrastructure and support services.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1984
Construction CONCRETE
Total area 936 SF
Lot 3.09 ac (134,600 SF)
Zoning code HI
APN 10-006.00-016
UPID US17-0266303

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
  • Trucking Company

Location

350 Pigeon Pt Rd New Castle, DE 19720-1464
New Castle metro Census 15502 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2023
Price N/A
2022
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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