Thank you
Matthew R Wright
EXP Realty, LLC
888-543-4829
Prime 1.9 Acre Wooded Oasis in the heart of Newark. Nestled amid the vibrant City of Newark, this remarkable 1.9+/- acre wooded parcel is a hidden gem offering a world of possibilities. Located in close proximity to the University of Delaware, this property presents a golden opportunity for investors and developers seeking to make their mark in this bustling community. Property Highlights: Size: Approximately 1.9 acres of lush, wooded terrain, providing a natural sanctuary within city limits. Location: Situated right in the heart of Newark, this property offers unparalleled convenience. It's within easy walking distance to most of the University of Delaware, making it an ideal location for student housing. Versatility: The property's zoning was surveyed as 50% Residential and 50% Industrial, offering a versatile canvas for your vision. Whether you dream of creating student housing, a parking lot, or a storage facility, this land can accommodate a variety of purposes. Access: Convenient road access via Paper Mill Road ensures ease of transportation to and from the property. Zoning Correction: The seller is committed to working with the new owner to correct the zoning, aligning it with the surveyed residential/industrial designation. Surrounded by Opportunities: This parcel enjoys a convenient location between N. College Ave and Papermill Rd, at the intersection of Creek View Rd. It's flanked by 16 residential properties to the North West, Kershaw Park to the North East, and Delmarva Power Station to the South. Situated between White Clay Creek and Delmarva Power Station, this property offers a unique blend of nature and urban proximity. Entrance Easement: Delmarva Power holds an easement on the front footage to allow access to the Delmarva Power Station. Don't miss your chance to secure this exceptional 1.9+/- acre parcel in the heart of Newark. Whether you're looking to invest, develop, or create a unique urban oasis, this property holds the key to a host of exciting opportunities. Don't miss out on this opportunity. Reach out today to explore the potential of this prime piece of real estate and turn your vision into reality!
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Water Source : None
Sewer: No Sewer System,No Septic System
Lot Size: 83,199
Dimensions: 1419 ft x 65 ft
Lot Size (Acres): 1.91
Main Square Feet: 83,199
Total Lot SQ ft: 83,199
Financing: Negotiable
Appx. Lot Dimensions: 1419 ft x 65 ft
Total Acreage: 1.91
Possession: 0-30 Days CD,31-60 Days CD,61-90 Days CD,Negotiable,Immediate
Days Of Market: 442
Lease Considered: No
Annual Tax: $4
Tax Year: 2022
Total Taxes Payment Frequency: Annually
0-30 Days CD,31-60 Days CD,61-90 Days CD,Negotiable,Immediate
Taxes Assessment Amount: $100
Acceptable Financing: Negotiable
Road Surface: Gravel
Direction: Road frontage is estimated 22 feet of road frontage at the light across from Timothy's between the walking bridge and Delmarva Power Station.
School District: CHRISTINA
Water Source: None
Sewer: No Sewer System,No Septic System
Direction: Road frontage is estimated 22 feet of road frontage at the light across from Timothy's between the walking bridge and Delmarva Power Station.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Land, Newark, DE,19711 | $400,000 | -- | -- | 126,760 | 126760 Sqft |
304 Leahy Drive , Newark, DE,19711 | $649,900 | 3 | 2.5 | -- | -- |
113 E Main Street #412, Newark, DE,19711 | $569,000 | 3 | 3.0 | -- | -- |
102 Joshua Lane , Newark, DE,19711 | $799,900 | -- | -- | 99,317 | 99317 Sqft |
363 Paper Mill Road , Newark, DE,19711 | $524,999 | 6 | 3.0 | 1,375 | 19602 Sqft |
302 Leahy Drive , Newark, DE,19711 | $694,999 | 3 | 2.5 | -- | -- |
01A Leahy Drive , Newark, DE,19711 | $663,900 | 3 | 2.5 | -- | -- |
02A Leahy Drive , Newark, DE,19711 | $673,900 | 3 | 2.5 | -- | -- |
03A Leahy Drive , Newark, DE,19711 | $694,900 | 3 | 3 | -- | -- |
04A Leahy Drive , Newark, DE,19711 | $699,900 | 3 | 2.5 | -- | -- |
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ByOwner last updated this listing 04/27/2024 @ 09:52
MLS: DENC2031452
LISTED BY: MATTHEW R WRIGHT , EXP Realty, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.