www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28351965
28351966

9320 Old Racetrack Rd, Delmar, DE 19940 For Sale

GM
MD 0681070, DE
NAI Coastal - Salisbury
Listed by NAI Coastal - Salisbury
$1,100,000
240 days on market
Updated 12 days ago

9320 Old Racetrack Rd

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 6,000
Net Rentable (SqFt) 6,000
Units 1
Tenancy Vacant
Price per SqFt $183
Broker Co-Op Yes
Year Built 1989
Year Renovated 2024
Buildings 1
Acreage 4.660
Zoning Light Industrial (LI-2)
Investment Type Value Add
Ceiling Height 22'
Loading Docks 4

Industrial | 6,000 SqFt

Marketing description

Explore this versatile 4.66-acre property, zoned Light Industrial (LI-2), offering potential for numerous business ventures. The site includes a 6,000 sq ft warehouse, equipped with four 14'x14' roll-up doors and individual access doors. Whether you prefer to occupy the entire space or lease out portions for extra income, this property provides options. The current owners are actively pursuing permits to construct an additional 6,000 sq ft of warehouse space and a further 6,000 sq ft of office space on the property's street frontage. An asphalt driveway and parking lot are already in place. The Building also benefits from an entirely new Electric service including 3 phase as well as a new metal roof and LED lighting. Take advantage of significant tax benefits and its convenient proximity, just one mile from the Maryland/Delaware border.

Follow Rt 13 North across the De line and make a left on Line Rd. Follow to a right on Bi State Blvd. Follow .75 miles to left on Old Racetrack. follow .3 miles to a left onto the new asphalt driveway. continue back through the fence and the warehouse is on the left.


Investment highlights

  • 4.66 Acres with approximately 3.5 acres fenced in with new asphalt driveway and parking
  • 1 mile north of the MD border so there are tax advantages
  • 6,000 square feet current with 12,000 more in the permitting process
  • 4 14'x14' Roll-up doors and 4 entry doors with 22' ceiling height and the option for demising
  • New Metal Roof, LED lighting and 3 Phase Electric including all wiring and panel

Listing Contacts

GM
MD 0681070, DE
NAI Coastal - Salisbury
Listed by NAI Coastal - Salisbury

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591