708 Grantham Ln New Castle, DE 19720
This exceptional 2,533 square foot industrial distribution property, located at 708 Grantham Lane in New Castle, Delaware (zip code 19720), presents a unique investment opportunity. Situated on a 0.26-acre lot, the property boasts convenient access to major transportation arteries, including Route 9, Route 141, Route 13, and the I-95 interchanges, ensuring seamless logistics and distribution capabilities. The site is already cleared and prepared for immediate development, with approved grading, parking, and development plans from New Castle County Land Use. These plans accommodate a free-standing warehouse structure with ample parking for twelve vehicles. While the buyer will be responsible for securing and finalizing architectural plans for their desired structure, the groundwork is complete, minimizing delays and streamlining the construction process. This turnkey opportunity offers significant potential for immediate occupancy and operational efficiency. The asking price is $195,000, translating to a price per square foot of $88.83. This property is zoned for industrial use and represents a compelling investment in a strategically advantageous location. Don't miss this chance to acquire a ready-to-develop industrial space in a thriving Delaware market.
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.