Prime Commercial Investment Opportunity – 112 Capitol Trail, Newark, DE 19711
A rare opportunity to acquire a high-visibility commercial property on Kirkwood Highway, just minutes from the University of Delaware. This 1.87-acre parcel features a charming 1,800 sq. ft. stone building and offers exceptional development potential, strong rental income, and an unbeatable location.
Property Features:
? Prime Location – Situated on a major thoroughfare with excellent exposure and accessibility.
? Versatile Zoning – Ideal for professional offices, medical practices, financial services, or future redevelopment.
? Income-Producing Asset – Generates over $60,000 in annual rental income, providing immediate cash flow.
? Development Potential – Previously approved for multi-family or student housing development, allowing for long-term value growth.
? Ample Parking & Expansion Space – Large lot with plenty of room for future expansion or redevelopment.
Financials & Investment Returns:
Asking Price: $799,000
Annual Rental Income: $60,000+
Projected ROI: 7.5% – Strong return for investors looking to capitalize on Newark’s growing market.
With its historic charm, prime location, and built-in revenue stream, this property is a standout investment in one of Delaware’s most desirable commercial corridors.
Don’t miss this exceptional opportunity! Schedule a private tour today.