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Executive Summary

Rare opportunity to acquire 3.3± acres of residentially zoned land in a desirable area near the City of Newark. The property is mostly cleared and features generally level topography with trees along portions of the perimeter. The site offers a strong layout for potential residential development, subject to subdivision approval and municipal review. Conveniently located with excellent access to major roads and close proximity to the University of Delaware campus, the property sits in an established and desirable area with strong demand for housing.

Property Facts

Price $1,922,340 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Hold For Development
  • Single Family Development
Total Lot Size 3.30 AC
Zoning 18RD - Residential

1 Lot Available

Lot

Price $1,922,340 CAD
Price Per AC $582,527.29 CAD
Lot Size 3.30 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
18-062.00-083
Land Assessment
$112,738 CAD
Improvements Assessment
$0 CAD
Total Assessment
$112,738 CAD
  • Listing ID: 40147972

  • Date on Market: 2026-04-14

  • Last Updated:

  • Address: 275 Possum Park Rd, Newark, DE 19711

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