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Listing IDDENC2023236
Price$900,000
SqFt
4,322
Acres
0.920
StatusACTIVE UNDER CONTRACT
CountyNew Castle
Year Built1953
Property TypeCommercial Sale
Property Sub TypeFive Or More Units
Investment Opportunity on the highly sought Route 40 (Pulaski Highway) in Bear. This parcel is 0.92 which is a little less than an acre. The property has 11 motel rental units with parking. There is an extension of the building in the rear so there is more potential space for development or expansion. The property is currently zoned CR which provides opportunity for the development of various business types.
County
New Castle
Price/SqFt
208.24
Property Sub Type
Five Or More Units
Property Type
Commercial Sale
Year Built
1953
Zoning
CR
Building Total SqFt Source
Estimated
Central Air
no
Cooling Type
Window Unit(s)
Heating
yes
Heating Type
Other
Car Parking Spaces
10
Construction Materials
Block
Cooling Fuel
Electric
Heating Fuel
Electric
Hot Water
Other
Lot Dimensions Source
Assessor
Lot Size Dimensions
200.00 x 200.00
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
no
Sewer Septic
Public Sewer
Tidal Water
no
Total Garage and Parking Spaces
10
Type of Parking
Parking Lot
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
In City Limits
no
MLS Area
Newark/Glasgow (30905)
Waterfront
no
Accessibility Features
None
Business Type
Hotel/Motel
Days on Market
65
Potential Tenancy
Multiple
Year Assessed
2021
Year Built Source
Estimated
Automatically Update Tax Values
yes
Net SqFt
4322
Ownership Interest
Fee Simple
Possession
31-60 Days CD, Negotiable
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
4867
Tax Assessed Value
153500
Tax Lot
058
Tax Year
2021
Vacation Rental
no
Listing courtesy of EXP Realty, LLC (888) 543-4829
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Contact - Listing ID DENC2023236
John Luca
88 Lantana Dr.
Hockessin, DE 19707
Phone: 3029996966
Phone Alt: 3027405872
Data services provided by IDX Broker
