12 Reads WayNew Castle, DE 19720

For Sale
$4,750,000

106,878 SF Office, Delaware

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional three-story, 106,878-square-foot Class B office building in New Castle, Delaware, presents a compelling investment opportunity. Located within the Corporate Commons Business Park, this prominent property boasts a substantial 35,600-square-foot floor plate and ample parking (874 spaces). Built in 1987 and situated on a 6.39-acre lot, the building is currently vacant, offering flexibility for an owner-user seeking a flagship headquarters or an investor looking to create a multi-tenant environment. The property features multiple updates to building systems and interiors, and benefits from an EPDM roof warranty extending to November 2026. Its strategic location offers easy access to Wilmington Airport, I-95, I-295, and Route 273. The flexible Business Park (BP) zoning allows for a diverse range of uses, including office, medical, research and development, industrial, and commercial, making it an ideal candidate for redevelopment. The asking price is $4,750,000, translating to $44.44 per square foot. This presents a rare opportunity to acquire a large, well-maintained office building in a thriving Delaware business park.

Highlights

  • 106,878 SF office building.
  • 874 parking spaces.
  • Three-story building.
  • 35,600 SF floor plates.
  • Convenient access to Wilmington Airport, I-95, I-295, and Route 273.

Property Details for 12 Reads Way

Property type
Other office properties, Office properties
Square Feet
106,878 SF
Class
B

Location Insight

City
New Castle
County
New Castle
State
Delaware
Latitude
39.6873319
Longitude
-75.6111808
12 Reads Way, New Castle, Delaware

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12 Reads Way
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