David Finney Inn New Castle Delaware For Sale
The DAVID FINNEY INN, circa 1685, is an historic inn overlooking The Green in Historic New Castle, Delaware. The David Finney Inn building is comprised of a turnkey restaurant and five apartments/suites, and a second floor ready to build out for ten guest rooms with private baths (designs available), situated in the center of both a historic district in the National Register of Historic Places and the First State National Park.
The Inn building includes a 3,600 SF fully equipped kitchen, restaurant, and bar with private dining rooms seating 65 to 70, and an outdoor patio with seating for over 50. The first floor of the three story 15,000 SF building presently includes the restaurant, kitchen, and a reception area and conference rooms used by the law firm tenant, all of which can be incorporated in a full-service Inn and restaurant, the David Finney Inn's historic use for over three centuries, from 1685 to1994.
The Inn is equipped with an elevator and a full sprinkler system. It is ADA compliant, and is on city water and sewer. A small separate parking lot is included, and there is ample public parking available in the Historic District. The kitchen and restaurant space requires minimal improvement, and the annual real estate taxes are under $20,000. A liquor license can be easily obtained for under $5,000 (yes, $5,000). These features and New Castle's location make the Inn a rare opportunity for the right buyer to create a destination Inn and Restaurant for visitors from the entire Mid-Atlantic Region.
Priced to sell at $2,500,000.
The owner will gladly pay a commission to a real estate agent, if the buyer is represented by an agent. This overview provides information about the David Finney Inn Building and Historic New Castle to potential buyers and their agents.
About New Castle
Situated on the Delaware River south of Philadelphia, the colonial town of New Castle, Delaware is unique in having original structures dating to the17th and 18th Century. Settled by the Dutch in the mid-1600's, the town grew into a major hub for commerce and travel. By the mid-1950's, with the construction of the Delaware Memorial Bridge, much of the commercial activity ceased. The town became a "bedroom" community for the City of Wilmington.
The historic roots of the town and its buildings, including the Historic New Castle Court House Museum and several other museums, have created a unique destination for students of history, tourists, and guests. The museums are owned and operated by the New Castle Historical Society, the Delaware Historical Society, and the State of Delaware. The U.S. National Park Service recently designated the New Castle Historic District as the center of the First State National Historic Park.
In 2015 the waterfront in New Castle underwent a major walkway improvement. The "Battery Park" area extends south along the Delaware River from the Historic District. This lovely green space now provides paved bike and walking trails extending approximately two miles along the Delaware River. The trails extend through woods and marshlands providing exceptional observation of wildlife and natural areas.
New Castle is conveniently located within 45 minutes of the major attractions in the Brandywine River Valley. These include Winterthur Museum, Longwood Gardens, Nemours Mansion and Gardens, the Brandywine River Museum, and Hagley Museum, the original gunpowder works of the DuPont Corporation. New Castle is approximately seven miles from the Wilmington Train Station with Amtrak service to and from Boston, New York, Philadelphia, Baltimore, and Washington, DC. New Castle is about 25 miles from the Philadelphia International Airport.
The town of New Castle is important to the Nation's history. It was here that William Penn received his land grant for all of Pennsylvania and the lower three counties, which became the thirteenth colony, now the State of Delaware. The Dutch settled New Castle in the mid-1600s, and it served as the original port on the Delaware River, preceding both the ports of Wilmington and Philadelphia. The older historic homes of New Castle, having stood the test of time, represent a connection to these historic events. Each can tell a unique story of its inhabitants and the roles these individual home owners played in a young developing nation.
Currently there is a serious shortage of overnight accommodations within the city limits of Historic New Castle, because there is only one small B&B in operation. In general, overnight guests seekng to experience Old New Castle and the National Park are required to stay at motel facilities located in strip mall settings along Route 13, a major north/south transportation corridor in northern Delaware.
The David Finney Inn provides a unique opportunity to recreate an historic destination Inn, providing fine dining and quality accommodations, while educating visitors in the history of the Nation and the historic town of New Castle.