MORE INFORMATION COMING SOON
Residential Vacant Land - Total Acreage - 1.81 Acres
2 Tracts - 1113-1115 Capital Trail Newark DE 19711
TAX ID - 08-060.10-001 - 1.56 Acres
TAX ID - 08.060.10-254 - 0.25 Acres
New Castle County
Christina School District
Newark, Delaware, is a vibrant college town in New Castle County with a population of approximately 30,000–31,000, best known as home to the University of Delaware. Founded in 1694, it offers a dense suburban feel with an award-winning Main Street, over 33 parks, and 17 miles of trails.
Key Facts About Newark, DE
- Location: Situated in New Castle County, it is considered part of the Philadelphia metropolitan area and the Delaware Valley.
- University of Delaware: The university, founded in 1743, is central to the city, influencing its culture and economy with over 21,000 students.
- Main Street: The commercial heart of the city, featuring shopping and dining, was named a Great American Main Street winner in 2011.
- Recreation: The area features 33 parks covering over 650 acres, including the Newark Reservoir and close proximity to White Clay Creek State Park.
- History: Settled by Scots-Irish and Welsh in 1694, it served as a Revolutionary War-era location and later became a significant industrial spot.
- Economy: Formerly home to a major Chrysler Assembly Plant, the economy is now driven by the university, technology, and service sectors.
Key Attractions
- White Clay Creek State Park: Popular for hiking and outdoor activities.
- Iron Hill Park: Known for its nature center and trails.
- Newark Reservoir: A popular spot for walking and scenic views.
- Downtown Main Street: Shopping, dining, and community events
Terms - A deposit of 10% will be collected at the conclusion of the auction with the balance due in 45 days. There is a 10% buyer premium that will be added to the high bid price and become part of the purchase price. The buyer is responsible for the ALL Delaware State and Local Real Estate Transfer Tax.
Please visit the documents tab for the complete agreement of sale. This auction is not contingent on or subject to financing, appraisal, survey (property lines), study period or inspections of any kind, as agreed to by bidders at registration prior to bidding, and specified in the Agreement of Sale. Property is sold in as-is condition with no warranties or guarantees of any kind.
For Online Bidders - In order to be a qualified bidder online, a $10,000 deposit must be submitted to Fortna Auctioneers and held in escrow 48 hours prior to the auction. If the online bidder is the successful bidder at the auction, the remaining 10% deposit must be wired into the Fortna Auctioneers escrow account within 24 hours from the auction date and will sign the agreement of sale electronically immediately after the auction. If the online buyer is the unsuccessful bidder at the auction, the $10,000 deposit will be immediately returned.
