112 Capitol TrlNewark, DE 19711

This exceptional 1,800 square foot office building, situated on a 1.87-acre lot at 112 Capitol Trail in Newark, Delaware, presents a unique investment opportunity. The property boasts a stately stone façade and enjoys a highly desirable location within walking distance of the University of Delaware campus, ensuring excellent visibility from the busy Kirkwood Highway. Currently configured as an office space, the building's zoning allows for a diverse range of uses, including doctor's offices, lawyer's offices, medical clinics, social clubs, and financial offices. Ample parking is available on-site, catering to both staff and clients. The property's significant land area offers considerable potential for future development. Previous preliminary approvals indicate the feasibility of a multi-family or student housing project, with plans potentially accommodating eight apartments or two quadplexes. This versatile property combines the immediate benefits of a well-located office building with the exciting long-term prospects of potential expansion or redevelopment. The asking price is $799,000. This is a rare opportunity to acquire a substantial property in a thriving area with significant upside potential. Serious inquiries are encouraged.