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    106 Penn Mart Shopping Ctr New Castle, DE 19720

    For Lease
    $20 SF/Yr ($1,666 /Mo)

    Bustling retail hub with national tenants in New Castle.

    Property size:
    1,000 SF
    Lot size:
    15.23 Acres

    Property Features for 106 Penn Mart Shopping Ctr

    General Information

    Size
    1,000 SF
    Lot size
    15.23 Acres

    Source: DSM Commercial Agent Ryan Bree

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

    Overview

    Retail Space in Penn Mart

    Located in New Castle, Delaware, Penn Mart Shopping Center is a retail hub featuring national tenants. Anchor tenants include Big Lots, PNC Bank, Save A Lot, and Rent-A-Center. The center provides a diverse shopping experience, catering to a wide range of consumer needs. The mixture of national and locally recognized tenants ensures a steady flow of foot traffic. The premises are well-maintained, and ample parking facilities enhance convenience for shoppers. The available space is 1000 square feet and the list price is $20.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Penn Mart Shopping Center, Airport Plaza, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5898184
    Latitude
    39.6783866

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    FAQs

    What type of property is this?
    Shopping center - Bustling retail hub with national tenants in New Castle.
    Where is this shopping center located?
    The property is located at 106 Penn Mart Shopping Ctr New Castle, DE.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of New Castle, Delaware.; - Anchored by national tenants: **Big Lots, PNC Bank, Save A Lot, and Rent-A-Center.**; - Diverse shopping experience catering to a wide range of consumer needs.
    (302) 668-5430
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    106 Penn Mart Shopping Ctr New Castle, DE 19720
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    New Castle, DE 19720
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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
    106 Penn Mart Shopping Ctr New Castle, DE 19720
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