$1,400,000 Price Analysis   ♡   Hockessin, DE 19707 Unknown bed 0 bath unknown SqFt ($0/SqFt) Listed 2024-04-18 | Ⓧ USDA Ineligible due to property near Hockessin |
This is a rare opportunity to build a 45 unit luxury condo building in Hockessin
DE . This Pad site is available for the last building of an approved development plan from 1972 that was never constructed as sewer capacity WAS unavailable but was made available in September of 2015. Coffee Run Condominiums is a unique condo community locatd in Hockessin, DE and is conveniently located within 10 minutes of the city of Wilmington and Wilmington Train Station, easy access to Philadelphia Airport and Kennett Square, PA. Public water, sewer and electric are available at the location.
Each unit will have its own HVAC system so you can anticipate monthly condo fees substantially lower than the current fees charged for the other units. Pa rking lot and common areas have been completed with other buildings. A 5 story, masonry and glass brick building was planned and a new buyer needs to retain an exterior similar to the existing buildings. Brand new Castle County has maintained that the pad site will be treated as an unfinished part of the original development and not as a new development. Seller has maintained 45 votes in the Coffee Run Condominium Association. Sales price to include one, fifth floor unit completed t drywall stage. Interior finishes will be done by the seller.
Presented by Jerry Strusowski at
BHHS Fox & Roach Kennett Square Home Marketing Center.
Property MLS #DENC2059676 from BrightMLS
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsCounty: NEW CASTLE
Current Use: Land/Lot Only
Ownership: Fee Simple
Source Property Type: Land
Area: NEW CASTLE
Source Neighborhood: COFFEE RUN
Subdivision: COFFEE RUN
Property Subtype: Land
Source System Name: C2C
$1,400,000
BrightMLS
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.