Address: 10-20 Salem Church Road, Newark, Delaware, US
Created date: February 2, 2024
Date last updated: April 11, 2024
- Currently Permitted By-Right: family daycare, churches, schools, contractors
- Traffic Counts: 45,000 AADT (combined Route 4/Salem Church Road)
- Located in the Churchmans Traffic Improvement District (TID)
- Full motion intersection
Property Description
Prime opportunity to purchase a 1.62-acre, 3-property assemblage at the signalized intersection of Salem Church Rd and Route 4 in Newark, DE. The assemblage is ideal for an owner-user, as it contains two (2) existing homes with stabilized income and 4,100-sf of warehouse space that will be conveyed in “as-is” condition. The assemblage also offers immense potential for commercial re-development, as it is located in the Churchmans Traffic Improvement District (TID) which enables a prospective Buyer to pay a fee in lieu of completing a Traffic Impact Study (TIS). Strategically located, the properties are located within 1 mile of Christiana Hospital and in immediate proximity to several major transportation routes including Route 4, Route 273, and I-95. Excellent opportunity for an owner user or a developer seeking a highly visible and accessible location with income in-place.