12 Reads Way

For Sale

12 Reads Way, New Castle, DE 19720

This New Castle property for sale is located at 12 Reads Way. The general use of 12 Reads Way is office and it incorporates 106,878 square feet of class B office space. The current listed sale price for 12 Reads Way is $4,750,000. 12 Reads Way is situated on a lot that is 6.4 acre in size.

Contacts

broker

Joseph Latina

LMT Commercial | Corfac International

Property Details

  • Property Type Office - General Office
  • Property Size 106,878 SF
  • Lot Size 6.4 Acre
  • Additional Rent Contact for pricing
  • Building Class B
  • Year Built 1997
  • Date Updated Oct 3, 2024
Wilmington, DE12 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.

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Highlights

  • 106,878-SF +/- Office Building
  • 874 Parking Spaces
  • 3 Floors
  • 35,600 +/- SF Floor Plate
  • Close to Wilmington Airport, Interstate I-95, Interstate I-295 and Rt. 273

Getting around

  • 7/100

    Walk Score ®

  • 27/100

    Bike Score ®

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Location

  • City New Castle, DE
  • Zip Code 19720
  • Market Philadelphia

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Joseph Latina

LMT Commercial | Corfac International