Campus-Area Retail
For Sale
Contact for pricing
250 South Main Street, Newark, DE 19711
Flexible storefront offering subdividable space, convenient access, and on-site parking near a substantial university community.
Property Size17,000 SF
Price / SF$0.00
Days on Market50
Property Features for 250 South Main Street
General Information
Standard status
Active
Size
17,000 SF
Property subtype
Retail
Lease Term
NNN
Additional Details
Highway Access
Yes
Building Details
Building Size
17,000 SF
Properties For Sale
at 250 South Main Street
250 South Main Street
Size
7,853 SF
Term
Negotiable
Listed By:
Joseph Latina, SIOR
(302) 414-1000
Source:
Lmtcre
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 4 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joseph Latina, SIOR
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Investment Insights
Based on property information with market context.
Retail space at Rittenhouse Station offers up to 7,853 +/- SF, with a minimum divisible configuration of 3,000 +/- SF. The property provides adaptable storefront space, strong frontage, on-site parking, and convenient access for customer-oriented operations. Potential concepts identified for the space include café, fast casual, service retail, and boutique fitness uses.
The property is near the University of Delaware, which has more than 30,000 students, faculty, and staff. The site also includes 100 residential units and is walkable to campus dormitories and nearby student housing. Main Street Newark and central campus are approximately 3–5 minutes away, while I-95, Route 273, and Route 4 are approximately 5–10 minutes away.
The property is near the University of Delaware, which has more than 30,000 students, faculty, and staff. The site also includes 100 residential units and is walkable to campus dormitories and nearby student housing. Main Street Newark and central campus are approximately 3–5 minutes away, while I-95, Route 273, and Route 4 are approximately 5–10 minutes away.
Key Highlights
- Up to 7,853 +/- SF of subdividable retail space
- Minimum divisible space of 3,000 +/- SF
- Near the University of Delaware with 30,000+ students, faculty, and staff
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,025
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,500
$1.5M
Cap Rate 7%
$1,086,071
$1.1M
Cap Rate 9%
$844,722
$844.7K
Market Conditions
NOI Build-Up for 7,853 SF
Gross rent
$117.8K $15.00/SF
− Vacancy
−$9.2K −$1.17/SF
EGI
$108.6K $13.83/SF
− OpEx
−$32.6K −$4.15/SF
NOI
$76.0K $9.68/SF
Area
New Castle County, DE
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,500
Cap Rate 7%
$1,086,071
Cap Rate 9%
$844,722
Alternative Uses
Best Use
Retail
$1.09M
$950.3K – $1.27M
NOI $76,025 @ 7.0% cap · market cap 434,428.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,486 @ 7.0% cap · market cap 751,348.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
7-Eleven
Shops & Services
7,495 visits/mo
0.1 miles
Sunoco
Shops & Services
6,276 visits/mo
0.2 miles
Wayback Burgers
Dining
1,819 visits/mo
0.1 miles
Demographics for 19711, DE
48,477
Population
20,617
Households
2.4
Avg Household Size
37
Median Age
53%
College-Educated
95%
High-School Grad
27.4 sq mi
ZIP Area
1,769
Density / Sq Mi
$94,455
Median Household Income
$43,790
Median Earnings
$1,516
Median Rent
$376,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible storefront offering subdividable space, convenient access, and on-site parking near a substantial university community.
Where is this retail space located?
The property is located at 250 South Main Street Newark, DE.
What are key features of this property?
This property features: Up to 7,853 +/- SF of subdividable retail space; Minimum divisible space of 3,000 +/- SF; Near the University of Delaware with 30,000+ students, faculty, and staff
