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    230 E Main St Newark, DE 19711

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    For Lease
    Contact for pricing

    Retail space for lease near the University of Delaware.

    Property size:
    1,488 SF
    Lot size:
    11.73 Acres

    Property Features for 230 E Main St

    General Information

    Size
    1,488 SF
    Lot size
    11.73 Acres

    Source: MFI Realty Agent Michael Kociemba

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

    Overview

    Retail Space Near University

    This retail space is available for lease and benefits from its close proximity to the University of Delaware, which has a student population exceeding 23,000. The location offers excellent access and visibility. Traffic counts surpass 21,000 average daily trips on East Main Street and Cleveland Avenue. The property provides 1488 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Telecommunications Service Provider Wingstop Chicken Wings Restaurant Pho Ever Cafe Vietnamese Restaurant Poke Bros. Poke Bar Kungfu Hotpot&BBQ Hot Pot Restaurant

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7438597
    Latitude
    39.6842339

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    FAQs

    What type of property is this?
    Retail space - Retail space for lease near the University of Delaware.
    Where is this retail space located?
    The property is located at 230 E Main St Newark, DE.
    What are key features of this property?
    This property features: - Very close proximity to University of Delaware (23,000+ students); - Excellent access and visibility; - Over 21,000 ADT on East Main St & Cleveland Ave
    (410) 308-0700
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    230 E Main St Newark, DE 19711
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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
    230 E Main St Newark, DE 19711
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