"The Tilton Building" at Fort DuPont 248 Colter Rd
42,000 SF Vacant Office Building Delaware City, DE 19706 $3,150,000 ($75/SF)



INVESTMENT HIGHLIGHTS
- Two-story building
- Best for full-service, mixed-use redevelopment for residential, medical/dental, counseling, retail or institutional
EXECUTIVE SUMMARY
Fort DuPont in Delaware City, Delaware offers an ideal location for commercial buyers seeking a vibrant, mixed-use community. Nestled within the lush surroundings of Fort DuPont State Park, this revitalized master-planned development combines history, natural beauty, and modern conveniences. It is planned around multiple districts - four are residential and mixed-use neighborhoods with an adjacent cultural arts district, two are devoted to institutional and professional office uses, and one is reserved for future mixed use. All are within a few minutes' walk of each other and downtown Delaware City. The fort itself is crisscrossed with walking trails and connected to nearby recreation.
For restaurants, the setting provides a built-in audience with the residential growth in the area. Office spaces benefit from this peaceful yet accessible location close to local amenities. Condominiums attract buyers with a "live work play" lifestyle, emphasizing waterside living and recreational opportunities like bicycling, boating, hiking, and birdwatching.
The community enjoys easy access to nearby grocery stores, shops and Clinton Street's charming eateries and boutiques.
Fort DuPont's strategic location connects residents and businesses to Wilmington, Christiana's shopping and dining, Newark, Dover, Middletown, Philadelphia, and South Jersey - all while maintaining Delaware's allure of low taxes and proximity to beaches.
For restaurants, the setting provides a built-in audience with the residential growth in the area. Office spaces benefit from this peaceful yet accessible location close to local amenities. Condominiums attract buyers with a "live work play" lifestyle, emphasizing waterside living and recreational opportunities like bicycling, boating, hiking, and birdwatching.
The community enjoys easy access to nearby grocery stores, shops and Clinton Street's charming eateries and boutiques.
Fort DuPont's strategic location connects residents and businesses to Wilmington, Christiana's shopping and dining, Newark, Dover, Middletown, Philadelphia, and South Jersey - all while maintaining Delaware's allure of low taxes and proximity to beaches.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
42,000 SF
Year Built
1954
Price
$3,150,000
Price Per SF
$75
Percent Leased
Vacant
Building Height
2 Stories
Typical Floor Size
21,000 SF
Zoning
Exempt Commercial
1 of 3
PROPERTY TAXES
Parcel Number | 22-009.00-156 | Improvements Assessment | $10,226,100 |
Land Assessment | $1,872,000 | Total Assessment | $12,098,100 |