$355,000
$450,000
21.1%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with MATTHEW R WRIGHT • EXP Realty, LLC
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