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31-47 Reads Way

76,139 SF 100% Leased Office Building New Castle, DE 19720 $7,650,000 ($100/SF)

Office Space Delaware New Castle 31-47 Reads Way, New Castle, DE 19720

Investment Highlights

  • Access to I-95, I-495, I-295, U.S. 13 and S.R. 1
  • 18' ceilings for flex user
  • Approved for an additional 16,000 SF expansion
  • Located adjacent to the New Castle County Airport
  • Ample parking (+/-450 spaces)
  • 2 docks (multiple docks can be reinstalled)

Executive Summary

Two one-story, Class B flex buildings situated on 11.9 acres centrally located in New Castle County, DE. Built in 1987-1988, the buildings consist of 27,576 SF and 48,563 SF for a combined total of 76,139 SF. The buildings are currently fit out as offices and student classrooms for Wilmington University. Currently owner occupied, but will be vacated by the owners once sold.
** Subdividing and splitting space negotiable **

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
76,139 SF
Building Class
B
Year Built
1987
Price
$7,650,000
Price Per SF
$100
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
76,139 SF
Slab To Slab
10’
Building FAR
0.15
Land Acres
11.87 AC
Zoning
BP - Business Professional
Parking
450 Spaces (5.91 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage
1 of 1

PROPERTY TAXES

Parcel Number 10-013.00-034 Improvements Assessment $4,008,900
Land Assessment $576,600 Total Assessment $4,585,500

PROPERTY TAXES

Parcel Number
10-013.00-034
Land Assessment
$576,600
Improvements Assessment
$4,008,900
Total Assessment
$4,585,500
(302) 283-1800 x114

  • Listing ID: 25996269

  • Date on Market: 6/22/2022

  • Last Updated:

  • Address: 31-47 Reads Way, New Castle, DE 19720

More public record information on 31-47 Reads Way, New Castle, DE 19720

The Office Property at 31-47 Reads Way, New Castle, DE 19720 is currently available For Sale. Contact DSM Commercial for more information.

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31-47 Reads Way
(302) 283-1800 x 114

31-47 Reads Way

1/2

Gordon Winegar

(302) 283-1800

x114

(302) 283-1800 x114

Dan Wham

(302) 283-1800

(302) 283-1800

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