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10-14 Penns Way
New Castle, DE 19720
Two Parcels by NCC Airport · For Lease
PROPERTY FACTS
Property Overview
The Delaware River and Bay Authority (DRBA) owns 12.98 acres of land in fee simple adjacent to the New Castle Airport, designated as 10 and 14 Penns Way, at the Corporate Commons Site. The DRBA also controls a 2.97 acre portion of the site by way of land lease with New Castle County, designated as 12 Penns Way. This portion is improved by a one and two story structure of 27,000 square feet. 10 and 14 Penns Way have been previously approved for a 191,500 square foot office/lab building. 12 is approved for a 43,000 square foot office flex building. If the present structure were to remain, 12 would have an additional 16,000 square feet of approved space.
Highlights
- The 12.98 acres of land is adjacent to the New Castle Airport.
- 10 and 14 Penns Way have been previously approved for a 191,500 square foot office/lab building.
- There is currently a 27,000 square foot office building located at 12 Penns Way, but the land is approved for a 43,000 square foot office building.
- This land lease is situated in a well Business Park and is close to all major highways and retail services.
