$ 1,400,000
614UNIT-BUILDING A LOVEVILLE RD Hockessin, DE 19707
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$ 1,400,000
Est. payment | /mo
$ 1,400,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Coffee Run
MLS Listing ID DENC2059676
HOA Y/N N
Originating Board BRIGHT
Tax Year 2014
Property Description
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.
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.
Location
State DE
County New Castle
Area Hockssn/Greenvl/Centrvl (30902)
Zoning NCAP
Exterior
Utilities Available Sewer Available, Water Available, Under Ground, Electric Available
Waterfront N
Water Access N
Garage N
Building
Sewer No Septic Approved, Public Sewer
Water Public
Schools
School District Red Clay Consolidated
Others
Tax ID 08-020.00-052.C.A01A
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Jerry Strusowski • BHHS Fox & Roach-Kennett Sq
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Kristi Shawley & Heather Rossi
REALTOR® | Lic# RS287671 | RS290887