1142 Bear Corbitt Rd

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1142 Bear Corbitt Rd

Bear, DE 19701
Asking Price
$2.00M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The 15.7-acre commercial parcel is available for acquisition.
  • Total site area measures 683,892 square feet of land.
  • Property is listed with an asking price of $2,000,000.
  • Location provides access to regional hubs within Delaware.
  • Expansive acreage supports diverse commercial or industrial development uses.

What's Special

Priced at $2,000,000, this 15.7-acre parcel of commercial land at 1142 Bear Corbitt Rd provides a significant footprint in a growing Delaware submarket. The site spans 683,892 square feet, offering substantial capacity for large-scale development projects. Its strategic positioning within Bear allows for convenient access to major regional transit corridors, connecting the site to the broader Wilmington and Philadelphia metro areas. The local economic landscape is characterized by steady commercial activity and residential growth, making the land suitable for various business applications including retail, logistics, or industrial developments that require extensive acreage. Investors and developers can leverage the expansive scale of this plot to tailor improvements according to specific market demands. With its favorable positioning in a well-traveled corridor, the property remains a versatile candidate for commercial expansion or new ground-up construction.

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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905

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