31 Reads Way - Office FOR SALE


New Castle, DE 19720
$4,850,000 USD
302-757-5353
31 Reads Way, New Castle, DE for Sale
$4,850,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

31 Reads Way
New Castle, DE 19720


HIGHLIGHTS

  • Access to I-95, I-495, I-295, U.S. 13 and S.R. 1
  • Located adjacent to the New Castle County Airport
  • Ample parking: +/- 450 spaces

OVERVIEW

Two, one-story, flex buildings, located in the heart of New Castle County, Delaware, situated on a combined 11.9 acres of versatile space now available for sale. Constructed in 1987-1988, the property includes 31 Reads Way (48,563 SF) and 47 Reads Way (27,576 SF). Currently configured as offices and student classrooms for Wilmington University, these well-maintained buildings present an exceptional opportunity for flexible use following subdivision. This listing reflects the property being subdivided and the buildings sold individually.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

11.91 AC

LAND SF

518,775 SF

ZONING

-

APN/PARCEL ID

10-013.00-034

ASK ABOUT THIS PROPERTY

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302-757-5353

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302-757-5353

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