Delaware Development Site

Avison Young is pleased to offer for sale the Delaware City Development Site in New Castle, DE, an expansive property comprised of six separate tracts zoned either Heavy Industrial (HI), Industrial (I) Suburban (S) or Commercial Regional (CR). Both the zoning and varying environmental conditions impact the degrees of developability of these tracts. The site will be transformative not only in Delaware, but in the greater I-95 region with enough scope of size to create an entirely new submarket for Warehouse/Distribution and Industrial property.

Development of the property will provide a major new focus to the region and will provide a viable and cost-effective alternative for Occupiers in the Northeast and up from Baltimore and Washington D.C. SR-1, Route 13 and the addition of Route 301 nearby allow great access to I-95 which is the critical artery within the Middle Atlantic region. Amazon has a major presence locally with a new 1.1 million square-foot distribution center just 15 miles from the property and multiple similar facilities under development even closer. Attractive tax incentives are available for new and expanding businesses in Delaware. With the deep-water Port of Wilmington, two international airports nearby, freight and passenger rail, and direct access to the I-95 corridor, Delaware offers access to consumers by land, sea and air. The state’s cost of doing business is 16 percent below the national average, and Forbes’ “Best States for Business Rankings” has ranked Delaware the third-lowest for business costs in the nation.