1014 Elkton Rd - Storefront Retail/Office FOR SALE


Newark, DE 19711
$1,500,000 USD
302-229-1304
1014 Elkton Rd, Newark, DE for Sale
$1,500,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | Request Cap Rate

NEW


1014 Elkton Rd
Newark, DE 19711


OVERVIEW

3 commercial lots totaling 4.75 acres +/- situated near the I-95/Elkton Road Interchange and just south of Suburban Plaza shopping Center (Home Depot, Walgreens, ACME, Applebee's, WSFS, Concord Pet). Excellent Visibility, High Traffic Counts, and close proximity to the University of Delaware. The current zoning (CN) allows for a variety of commercial uses. The subject property is also located in planning area 2, and is situated adjacent to the City of Newark, DE municipal boundary. The comprehensive plan for Newark proposes a variety of potential recommended uses in planning area 2 including Commercial, Urban Mixed Use, and industrial. The existing structure was constructed in 1975 and utilized as office and showroom. There are also several outbuildings located on the property.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$632 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Commercial Lot near I95/Elkton Rd Interchange

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.75 AC

LAND SF

206,910 SF

ZONING

CN

APN/PARCEL ID

11-001.00-003,11-001.00-004,11-001.00-009

ASK ABOUT THIS PROPERTY

Andy FoxDSM CommercialMore Info
302-229-1304

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Andy FoxDSM CommercialMore Info
302-229-1304

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