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812 Elkton Rd

Newark, DE 19711

$400,000

Specialty For Sale  •  4,525 Sq Ft

Property Details

  • Property Type Specialty
  • Total Building Size 4,525 Sq Ft
  • Lot Size 1 ac
  • Building Class B
  • Year Built 1805
  • Zoning BLR
30 Transit Score
40 Walk Score

Description

5 Bedroom 2 Full Bath and 2 Partial Bath Home on 1 +/- acre lot zoned BLR (Business Limited Residential) in the City of Newark.  The Kerr House is on the National Historic Register.  Original portion was built in 1805.  It has experienced numerous changes over the years.  Aside from being a residence, it has been a law office and most recently an private school. There are tax credits available for restoring the building. Located on major road with a high traffic count along with its zoning, the property offers a myriad of redevelopment options for the owner/user or the developer.  One could operate their business on the 1st floor and create their residence on the 2nd floor.  There is room for additional structures.  Building has a fire protection sprinkler system.  Creativity is the key to maximizing the property's potential and restoring the building to honor its past.  Potential options include having the property rezoned to MultiFamily (RM) or Townhouses (RR) to have total residential usage.  Please see attached concept plans.

Property Flyers

Todd Ladutko 302-366-0947 Patterson Woods & Associates
Todd Ladutko 302-366-0947 Patterson Woods & Associates