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    601 S Ridge Ave Middletown, DE 19709

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    601 S Ridge Ave Middletown, DE 19709


    • Outlet malls
    • 80,680 SF
    • 7.74 lot acres
    Kohl's Pad Site Ground Lease For Lease
    $7,405,000

    Kohl's Pad Site Ground Lease

    Commercial land available for ground lease.

    601 S Ridge Ave, Middletown, DE 19709
    View Listing
    Property ID
    US17-0223280
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kohl's / Department Store
    • SEPHORA at Kohl's / Cosmetic Store

    Property Details for 601 S Ridge Ave

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    7.74 lot acres
    Property size
    80,680 SF
    Zone code
    23C-3
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    23-022.00-189
    APU
    2302200189

    Description

    This exceptional 1-acre retail pad site, located at 601 S Ridge Ave in Middletown, Delaware, presents a unique investment opportunity. Situated at the intersection of Middletown Warwick Road and Bunker Hill Road in New Castle County, this property offers unparalleled visibility and accessibility. The site is zoned for commercial use and is ideal for a single-tenant retail development, particularly suited for a drive-thru operation given its "pad" site designation. The land encompasses 43,560 square feet, providing ample space for building construction and associated parking. The property's location within the thriving Middletown community ensures high traffic volume and a strong customer base. This ground lease opportunity allows for significant development potential, capitalizing on the strategic location and high demand for retail space in this rapidly growing area. The property's address is 601 S Ridge Ave, Middletown, DE 19709. Its convenient location and significant size make it an attractive proposition for businesses seeking a prominent presence in a bustling Delaware market. This is a single-tenant property, offering a streamlined approach to development and management. The property's coordinates are 39.4479706 latitude and -75.7340599 longitude. This is a ground lease only opportunity.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,626,000
      Market price range: $2.84M - $13.7M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7336
    Latitude
    39.4473
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $74,126
    $337,200
    $2,057,900
    $2,395,100
    -
    $0.00
    $0.00
    $0.00
    View Listing
    More about this property
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