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106 Albe Dr 5,000 SF Flex Building Newark, DE 19702 $2,450,000 ($490/SF)
INVESTMENT HIGHLIGHTS
- Ample parking
- Entrance in close proximity to Old Baltimore Pike
- Traffic Counts: 15,461 AADT
- Jack's Kickboxing Gym: NNN Lease. Tenant is responsible for RE taxes, Insurance and CAM pass-throughs
EXECUTIVE SUMMARY
Introducing a prime investment opportunity in Newark, DE! This Property features a fully stabilized 5,000 sf clear span flex building occupied by the long-tenured Jack’s Kickboxing Gym in addition to a 3,100 sf +/- car wash complete with six (6) self-serve bays and one (1) tunnel. Situated directly on the heavily traveled Old Baltimore Pike and in close proximity to I-95, the property’s prime visibility and premium location further enhance its investment appeal. Excellent opportunity for an investor or owner-user seeking a profitable car wash with value-add potential in addition to existing stabilized income.
** Total Building SF (Jack's Kickboxing and Car Wash): 8,100 SF**
** Total Building SF (Jack's Kickboxing and Car Wash): 8,100 SF**
PROPERTY FACTS
| Price | $2,450,000 | Rentable Building Area | 5,000 SF |
| Price Per SF | $490 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1980 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Showroom | Parking Ratio | 1.8/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.48 AC | ||
| Zoning | I - Industrial | ||
| Price | $2,450,000 |
| Price Per SF | $490 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 1.48 AC |
| Rentable Building Area | 5,000 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 1.8/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I - Industrial |
AMENITIES
- Bus Line
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water - County
- Sewer - County
- Heating
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PROPERTY TAXES
| Parcel Number | 09-037.00-001 | Improvements Assessment | $190,700 |
| Land Assessment | $58,400 | Total Assessment | $249,100 |
PROPERTY TAXES
Parcel Number
09-037.00-001
Land Assessment
$58,400
Improvements Assessment
$190,700
Total Assessment
$249,100
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106 Albe Dr
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