Available For Sale - Office

106,878 SF | Show Pricing $

LISTED BY

Joseph Latina SIOR
LMT CRE,

AVAILABILITY DETAILS

Size
106,878 SF
Price/SF
Show Pricing $
Listing ID
SA550528
Notes
12 Reads Way, a three-story 106,878-SF office property in New Castle, DE, was built in 1987 and sits on a +/-6.39-acre site. Its strategic position in a bustling business park makes it ideal for seamless office operations. As the largest office building in the Corporate Commons Business Park, this well-maintained building offers versatile space, complete with above-market parking and quality construction with multiple updates to the building systems and interior. What sets this property apart is its adaptability—it’s equally suited for an owner/user seeking a flagship headquarters or an investor exploring the potential for multi-tenant conversion. Additionally, the EPDM roof warranty, valid through November 2026, provides added peace of mind for maintenance considerations. The Property is also a prime candidate for redevelopment given its flexible Business Park (BP) zoning, which allows for a mix of office, medical, research and development, industrial, and commercial uses within the same area. This flexibility enables a diverse range of businesses to coexist and thrive, fostering economic growth and innovation.
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Joseph Latina SIOR, LMT CRE