800 Barksdale Rd - Office FOR SALE


Newark, DE 19711
$4,997,000 USD
302-273-0232
800 Barksdale Rd, Newark, DE for Sale
$4,997,000 USD
Office - FOR SALE
1/23
null | Request Cap Rate

800 Barksdale Rd
Newark, DE 19711


HIGHLIGHTS

  • 800 Barksdale Road offers up to 29,900 square feet of office space and a 3,000-square-foot warehouse, within walking distance to South Main Street.
  • Recently renovated its equipped with modern offices, expansive open layouts, move-in-ready workstations, conference rooms, and ample free parking.
  • Move-in ready, this property allows for strategic lease-up in a growing market, offering investors the chance to capitalize on Newark’s economy.
  • Located just minutes from Downtown Newark and the University of Delaware, this property connects businesses to a skilled workforce.
  • Enjoy easy access to Interstate 95, Newark Amtrak Station, and Wilmington Airport, providing convenient transportation.
  • Serving a growing population with a $1.4 billion in annual spending, and a business-friendly environment, Newark offers an ideal foundation.

OVERVIEW

800 Barksdale Road offers a versatile suburban two-story office building located on a 2.12-acre lot in the heart of Newark, Delaware. Ideally situated within walking distance of South Main Street, this value-add opportunity offers up to 29,900 square feet of flexible office space. It can accommodate a single large tenant or be divided into two 13,300-square-foot floors, providing a range of leasing options. In addition, it also features a 3,000-square-foot warehouse with a receiving and loading dock and overhead doors. Recently renovated in 2019, the building is in move-in condition with private offices, expansive open work areas, and modern amenities. The property also boasts ample free parking, enhancing its appeal for tenants and visitors. With an elevator-served building, a welcoming lobby, and ample parking, 800 Barksdale Road presents an exceptional value-add and owner/user opportunity. Located in a picturesque park-like setting, this property is just minutes from downtown Newark and the University of Delaware, providing access to a vibrant, educated workforce. 800 Barksdale Road offers excellent connectivity, with Interstate 95 just a 10-minute drive away, allowing swift access to both Delaware and Maryland. The Newark Amtrak Station is just 5 minutes away, and Wilmington Airport is only 25 minutes from the property, offering convenience for employees and business travelers. The surrounding area is rich in amenities, including Siemens Healthineers, Air Liquide, the Newark Country Club, and Main Street, which boasts a variety of retailers, dining options, and services. Newark is a growing and vibrant community with a population of over 120,000 within a 5-mile radius, and 38% of residents have earned a bachelor’s degree or higher, making it an attractive market for businesses seeking educated professionals. The area generates over $1.4 billion in annual consumer spending, providing a solid economic foundation for businesses to thrive. 800 Barksdale Road is within a 5-minute drive from the University of Delaware’s STAR Campus, offering access to top-tier research, innovation, and talent, enhancing the area's appeal for businesses in a variety of sectors. Additionally, Delaware's business-friendly environment, with no sales tax and low corporate income tax rates, makes this property an even more compelling investment opportunity.

FOR SALE DETAILS

PRICE

$4,997,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

2.12 AC

LAND SF

92,347 SF

ZONING

BL

APN/PARCEL ID

18-025.00-002

ASK ABOUT THIS PROPERTY

Pat GioffreGioffre Commercial Realty, LLC.More Info
302-273-0232

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Pat GioffreGioffre Commercial Realty, LLC.More Info
302-273-0232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.