1 Catherine St - Medical FOR SALE


New Castle, DE 19720
$750,000 USD
302-218-3025
1 Catherine St, New Castle, DE for Sale
$750,000 USD
Medical - FOR SALE
1/14
null | Request Cap Rate

1 Catherine St
New Castle, DE 19720


HIGHLIGHTS

  • Excellent road visibility with strong exposure along a well-traveled local corridor.
  • Excellent road Signage.
  • Excellent ingress & egress with access to a main road and side street.
  • Corner-style presence enhances signage potential and overall marketability.
  • Strategic New Castle location with convenient access to major routes, including Route 9 and I-295.
  • Flexible building layout suitable for office, professional, or owner-user occupancy.

OVERVIEW

1 Catherine Street represents a compelling investment and owner-user opportunity located in the core of New Castle, Delaware. The property benefits from a walkable setting with strong regional access via Route 9, I-295, and the Delaware Memorial Bridge, supporting both local and commuter demand. The surrounding area is characterized by a stable mix of residential and neighborhood commercial uses, contributing to consistent occupancy and long-term market durability. Limited supply and tightly held ownership within the immediate submarket enhance the asset’s downside protection and appreciation potential. The property is well suited for investors seeking stable income with future upside, as well as owner-users looking to establish a presence in an established and desirable market.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,908 SF

ZONING

CN

APN/PARCEL ID

10-023.40-151

ASK ABOUT THIS PROPERTY

Mitri Habash, CCIM, MICPHabash Commercial Realty, LLCMore Info
302-218-3025

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mitri Habash, CCIM, MICPHabash Commercial Realty, LLCMore Info
302-218-3025

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.