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    165 E Main St Newark, DE 19711

    For Sale
    Contact for pricing

    High-visibility retail space in downtown Newark near University of Delaware.

    Property size:
    7,590 SF

    Property Features for 165 E Main St

    General Information

    Size
    7,590 SF

    Building Details

    Year built
    1940

    Source: Rich Dudek, SIOR Agent Rich Dudek, SIOR

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

    Overview

    Prime Retail Opportunity on Main

    This property presents a retail opportunity in downtown Newark, situated in the University of Delaware campus area. The former restaurant space benefits from visibility along Main Street, experiencing substantial foot and vehicle traffic. It is conveniently located near shops, restaurants, and student housing. A notable feature is the shared off-street parking, exclusive to Trader's Alley, accommodating approximately 25 spaces for patrons. The property is suitable for restaurant, cafe, or retail businesses seeking a location with high exposure. Equipment typically needed for quick-service restaurants is available. The property provides an excellent signage opportunity and is surrounded by established restaurants, retailers, and university amenities. The property size is 7590 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Similar Places Nearby

    The Wandering Chef Catering Cart, Famous Dave's

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7462945
    Latitude
    39.6834363

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    FAQs

    What type of property is this?
    Restaurant - High-visibility retail space in downtown Newark near University of Delaware.
    Where is this restaurant located?
    The property is located at 165 E Main St Newark, DE.
    What is the asking price?
    The asking price for this property is $30.
    What are key features of this property?
    This property features: - Prime location on Main Street in downtown Newark and the University of Delaware campus.; - High visibility with heavy foot and vehicle traffic.; - Rare shared off-street parking in a high-demand area.
    (302) 893-7937
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    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
    165 E Main St Newark, DE 19711
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