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    318 S College Ave Newark, DE 19711

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    For Lease
    Contact for pricing

    Historic building with modern addition, ideal for medical practices.

    Property size:
    22,545 SF
    Lot size:
    1.70 Acres

    Property Features for 318 S College Ave

    General Information

    Size
    22,545 SF
    Lot size
    1.70 Acres

    Source: Lang Development Group Agent Leasing Contact

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

    Overview

    Medical Office Building Transformation

    This medical office building is undergoing transformation, presenting an opportunity to establish a practice in Newark. Located on a historic site that formerly housed the Press of Kells and Castle Sports Complex, the property combines preserved history with modern design. The original two-story structure, dating back to the early 1900s with 2,545 square feet, has served as a cornerstone of the community, hosting organizations such as the YWCA, the Jewish Community Center, and Castle Sports. Its charm and legacy will be preserved within the redevelopment. A new two-story addition will provide 20,000 square feet of additional space, with 10,000 square feet per floor, designed to meet the needs of medical practitioners. The property offers 80 surface parking spaces, including 4 ADA spaces, providing convenience for staff and patients. Thoughtfully designed landscaping with new trees and bushes will enhance the building’s curb appeal and align with sustainable urban development goals. The total property size is 22,545 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -75.7545406
    Latitude
    39.6736914

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    FAQs

    What type of property is this?
    Medical office - Historic building with modern addition, ideal for medical practices.
    Where is this medical office located?
    The property is located at 318 S College Ave Newark, DE.
    What are key features of this property?
    This property features: - Substantial New Construction: 20,000 SF of premium, modern medical office space in a two-story addition.; - Ample Parking: 80 surface parking spaces, including 4 ADA spaces, for convenient access.; - Prime Location in Newark: Positioned in a central location, ideal for establishing a medical practice.
    (302) 731-1340
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    Newark, DE 19711
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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
    318 S College Ave Newark, DE 19711
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