Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    261 East Main St Newark, DE 19711

    For Sale
    Contact for pricing

    Adaptable office and retail space in Downtown Newark, Delaware.

    Property size:
    2,475 SF

    Property Features for 261 East Main St

    General Information

    Size
    2,475 SF

    Source: Matt Chacko Agent Matt Chacko

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Newark Office/Retail Space

    Located in Downtown Newark, Delaware, 261 E Main Street offers an adaptable floor plan to accommodate multiple size requirements. The property is suitable for companies needing prime visibility and off-street parking. The location benefits from the proximity to the University of Delaware campus and the traffic of Main Street. The property is easily accessible from I-95 and is in the heart of many shopping and restaurant amenities. The property is intended for office and retail use. The first floor space is available at a lease rate of $15/SF Modified Gross, which includes utilities. The property features a full office build-out with conference rooms and individual office areas. Office furniture options are available. Private parking is available for tenants. The property size is 2475 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7631145
    Latitude
    39.6850525

    Nearby Similar for Sale

    • $625,000
      5,600 SF

      Retail Property in Newark, DE

      Retail property for sale in Newark, Delaware.
      308 Shisler Ct, Newark, DE 19702
      View Details
    • Contact for pricing

      Two Hilton Hotels in Newark

      Two Hilton hotels for sale in Newark, Delaware.
      654 South College Ave, Newark, DE 19713
      View Details
    • $260,000

      Updated Townhome in Princeton Woods

      Updated townhome with modern amenities, perfect for downsizing or investment.
      3 Ross Ct, Newark, DE 19702
      View Details
    • $5,547,847
      14,000 SF

      Fully Occupied Retail Center

      Multi-tenant retail center with stable cash flow and NNN leases.
      681 E Chestnut Hill Rd, Newark, DE 19713
      View Details
    • Contact for pricing
      29,750 SF

      Newark Office/Industrial Building For Sale

      29,750 SF office/industrial building in Pencader Corporate Center.
      211 Lake Dr, Newark, DE 19702
      View Details
    • $479,000
      2,550 SF

      Newark End-Unit Townhome with Deck

      Updated 4-bedroom townhome with deck, close to University of Delaware.
      26 Munro Rd, Newark, DE 19711
      View Details

    FAQs

    What type of property is this?
    Office space - Adaptable office and retail space in Downtown Newark, Delaware.
    Where is this office space located?
    The property is located at 261 East Main St Newark, DE.
    What is the asking price?
    The asking price for this property is $15.
    What are key features of this property?
    This property features: - Prime Downtown Newark location with high visibility on Main Street.; - Modified Gross Lease at $15/SF (includes utilities).; - Private parking available for tenants.
    (610) 633-7513
    Request Owner's contact information
    261 East Main St Newark, DE 19711
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    261 East Main St
    Newark, DE 19711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    261 East Main St Newark, DE 19711
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.