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    1115 S College Ave Newark, DE 19713

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    For Lease
    Contact for pricing

    6,186 SF retail building near the University of Delaware.

    Property size:
    6,186 SF
    Lot size:
    1.00 Acre

    Property Features for 1115 S College Ave

    General Information

    Size
    6,186 SF
    Lot size
    1.00 Acre

    Source: DSM Commercial Agent Dan Wham

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

    Overview

    Retail Building Near University of Delaware

    This 6,186 square-foot freestanding retail building, formerly a Friendly's restaurant, is available for lease. It is located on S College Avenue in Newark, Delaware, in close proximity to the University of Delaware. The property is suitable for a bank, franchise restaurant, or other freestanding retail use. It benefits from high visibility along a strong traffic corridor with 43,891 vehicles per day. The building has a capacity for 230 patrons and includes 64 parking spaces.
    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 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
    -75.7485342
    Latitude
    39.6509698

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    FAQs

    What type of property is this?
    Retail space - 6,186 SF retail building near the University of Delaware.
    Where is this retail space located?
    The property is located at 1115 S College Ave Newark, DE.
    What are key features of this property?
    This property features: - Prime location on S College Avenue in Newark, DE near the University of Delaware.; - Freestanding 6,186 SF retail building suitable for bank, franchise restaurant, or other retail use.; - High visibility along S College Avenue.
    (302) 249-9744
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    1115 S College Ave Newark, DE 19713
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    Newark, DE 19713
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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
    1115 S College Ave Newark, DE 19713
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