Renovated Restaurant
For Sale
$90,000
618 NEWARK SHOPPING CTR, Newark, DE 19711
Leased restaurant space includes operating equipment, furniture, fixtures, parking, and utility costs paid by ownership.
Property Size1,268 SF
Price / SF$70.98
Days on Market50
Property Features for 618 NEWARK SHOPPING CTR
General Information
Standard status
Active
Size
1,268 SF
Property subtype
Business
Financials
Asking Price
$109,000
Business Included
Yes
Additional Details
Furnished
Yes
Equipment Included
Yes
Building Details
Year Built
1955
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Tyler Anaya · License #RS-0039690
(302) 943-2274
Source:
Cummingsrealtors
Added: Aug 18
Changed: Oct 4
Last Checked: Oct 5 at 6:54PM
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 SVN/Miller Commercial Real Estate
Investment Insights
Based on property information with market context.
This restaurant business occupies 1,268 square feet within Newark Shopping Center and includes the furniture, fixtures, and restaurant equipment needed for continued operation. The space has undergone recent renovation and is offered as an operating business in a leased location.
The property is located at 618 Newark Shopping Center in Newark, Delaware, near the University of Delaware. On-site parking includes lighted and handicap-accessible spaces. Ownership pays all utilities, and the current lease extends through February 2029, subject to property management approval. The building was constructed in 1955.
The property is located at 618 Newark Shopping Center in Newark, Delaware, near the University of Delaware. On-site parking includes lighted and handicap-accessible spaces. Ownership pays all utilities, and the current lease extends through February 2029, subject to property management approval. The building was constructed in 1955.
Key Highlights
- 1,268‑square‑foot restaurant business in Newark Shopping Center
- Furniture, fixtures, and restaurant equipment included
- Recently renovated restaurant space
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,869
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Leased restaurant space includes operating equipment, furniture, fixtures, parking, and utility costs paid by ownership.
Where is this conventional restaurant located?
The property is located at 618 NEWARK SHOPPING CTR Newark, DE.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: 1,268‑square‑foot restaurant business in Newark Shopping Center; Furniture, fixtures, and restaurant equipment included; Recently renovated restaurant space
