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Commercial Lot near I95/Elkton Rd Interchange 1014 Elkton Rd 2,375 SF 100% Leased Retail Building Newark, DE 19711 $2,784,860 CAD ($1,172.57 CAD/SF)
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,375 SF
Year Built
1975
Price
$2,784,860 CAD
Price Per SF
$1,172.57 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.01
Lot Size
4.75 AC
Zoning
CN - Commercial (CN). The Property is contiguous to the City of Newark, DE and identified as a planning area with potential for annexation.
Frontage
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Commercial Lot near I95/Elkton Rd Interchange | 1014 Elkton Rd
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