$1,400,000

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 located 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. Parking 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. 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.

Listing Map