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    Property profile & analytics
    OFF-MARKET
    Office Spaces

    350 Pigeon Pt Rd, New Castle, DE 19720-1464

    936 SF 3.09 ac lot Built 1984
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US17-0266303
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Freehold Cartage Inc Trucking Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    New Creek Owner LLC · 2 yrs held
    New Creek Owner LLC
    since 2024
    3 recorded transactions
    2024
    2023
    2022
    Zoning & alternative use
    HI · New Castle, DE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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