Prime Retail Lot

Lot 3, Gerald Court Delmar, DE 19940

Lot 3, Gerald Court, Delmar, DE, 19940
Lot 3, Gerald Court, Delmar, DE, 19940 Lot 3, Gerald Court, Delmar, DE, 19940 Lot 3, Gerald Court, Delmar, DE, 19940 Lot 3, Gerald Court, Delmar, DE, 19940 Lot 3, Gerald Court, Delmar, DE, 19940 Lot 3, Gerald Court, Delmar, DE, 19940 Lot 3, Gerald Court, Delmar, DE, 19940 Lot 3, Gerald Court, Delmar, DE, 19940 Lot 3, Gerald Court, Delmar, DE, 19940 Lot 3, Gerald Court, Delmar, DE, 19940
FOR SALE FOR LEASE
Property Type:
Other Land
Amount:
$499,000
Last Verified:
Feb 27, 2024

Highlights


Description

This is one of the last opportunities to purchase a ready to go commercial lot just across the Delaware state line on Rt. 13 in sales tax-free Delaware. This is also the last remaining lot on Rt. 13 in this subdivision which is home to AutoZone, Ashley Furniture, Goodyear, Verizon Wireless, and a retail strip center. Also, just two parcels away is a thriving shopping center containing Wawa, Walgreens, McDonald's, and many other tenants with Food Lion located directly across the street.

Prime Commercial Lot on US Rt. 13 - This is one of the last opportunities on this stretch of highway. The site is part of a planned business park so a user just needs to get their site plan approved. This is also the last remaining commercial site in the surrounding area that is subdivided and nearly ready to go. This subdivision is home to AutoZone, Ashley Furniture, Goodyear, Verizon Wireless, and a retail strip center. Join adjacent companies such as Wawa, Walgreens, McDonald's, and three neighboring shopping centers including a grocery-anchored center directly across the street.

Access is already approved. This business subdivision offers multiple points of ingress/egress offering a convenience to customers and employees that no other available property can offer.

The site is being offered at an attractive land-lease price or the owner will do a build-to-suit for a tenant.

Located just across the Maryland state line in tax-free Delaware. The site is on the Rt. 13 northbound lane between AutoZone and Ashley Furniture.

Lot Size: 1.58 acres


Documents

NEW - Brochure (P)
Delmar Zoning.pdf
2023-05-15 - Delaware Zoning Map.pdf

Units for Lease

Land Lease or Build to Suit
Space Available: 68824 SF
Lease Type:

Price Per Sqft/Month: $40000.00

Map of Lot 3, Gerald Court, Delmar, DE, 19940

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.