2440 Red LionBear, DE 19701

  • Retail properties
  • 2,496 SF
Off market
$62,557 Estimated

Property Details for 2440 Red Lion

Year built
1899
Construction
CONCRETE
Lot size
0.47 AC
Property size (Sq ft)
2,496 SF
Zone code
CR
Property type
Retail properties
Property subtype
Retail space
APN
12-018.00-014
APU
1201800014

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,568,079
    6.5%
    $1,447,458
    7%
    $1,344,068
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,333,926
    Geo Method
    $821,841
  • Alternative Use

    Use
    Valuation
    Residential
    $1,220,985
    Hospitality
    $1,118,415
    Educational
    $930,508
    Medical
    $962,510
    Retail
    $1,447,458
2440 Red Lion, Bear, Delaware

Location Insight

City
Bear
County
New Castle
State
Delaware
Latitude
39.5706
Longitude
-75.6972
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $26,100
  • Assessed land value
    $25,600
  • Assessed value
    $51,700
  • Tax year
    2023
  • Tax bill
    $1,584

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