Newark, DE 19711,0 PAPER MILL RD
Newark, DE 19711,0 PAPER MILL RD
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$355,000

$450,000

21.1%
Est.Price: ?

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Est. payment /mo

1.91 Acres Lot


SOLD DATE : 07/24/2024

Key Details

Sold Price $355,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DENC2031452

Sold Date 07/24/24

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $4

Tax Year 2022

Lot Size 1.910 Acres

Acres 1.91

Lot Dimensions 1419 ft x 65 ft

Property Description

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!

Location

State DE

County New Castle

Area Newark/Glasgow (30905)

Zoning 18PL

Exterior

Water Access N

Street Surface Gravel

Garage N

Building

Lot Description Backs - Parkland

Sewer No Sewer System, No Septic System

Water None

Schools

School District Christina

Others

Tax ID 18-014.00-293

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Negotiable

Horse Property N

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

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William Kane Halick, MBA

William Kane Halick, MBA

+1(973) 354-5000

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by MATTHEW R WRIGHT • EXP Realty, LLC
Bought with MATTHEW R WRIGHT • EXP Realty, LLC
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Making real estate simple, fun and easy for you!

+1(973) 354-5000

bhalick@njhomesmart.com

1599 Hamburg Turnpike, Wayne, NJ, 07470

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