Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    379 Chestnut Hill Rd Newark, DE 19713

    Sponsored
    For Lease
    $17 SF/Yr

    Two prime retail spaces, Newark, DE.

    Lot size:
    201,305 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents two available spaces within the vibrant Chestnut Hill Plaza shopping center in Newark, Delaware. Located at 379 E Chestnut Hill Rd, this single-story Class B property boasts a total of 201,305 square feet situated on a substantial 15.48-acre lot (674,371 sq ft). Each of the two available suites offers a flexible footprint ranging from 6,000 to 7,000 square feet, perfect for a variety of retail uses. The property underwent renovations in 2022, ensuring modern amenities for tenants. Ample parking is available for customers and employees, complemented by ample power supply. The property is zoned for commercial use and conveniently located at the intersection of Chestnut Hill Road and Marrows Road in the Northern New Castle County submarket of Newark, Delaware. The property's APN is 1100620109, and it's situated in New Castle County, Delaware, zip code 19713. This high-traffic location within a thriving shopping center offers excellent visibility and accessibility, making it an ideal investment for discerning businesses seeking a strong presence in the Newark market. The property's multiple tenancy structure provides a diverse and dynamic environment.

    Property Features for 379 Chestnut Hill Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    201,305 SF
    Class
    B
    Total Rate
    285182.08

    Building Details

    Year Renovated
    2022
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    6,000 SF
    Rate per SF
    $17
    Space
    Available Space 2
    Size
    7,000 SF
    Rate per SF
    $17

    HighLights

    • 6,000 SF and 7,000 SF retail spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Verizon Cell Phone Store Cricket Wireless Authorized ... Cell Phone Store Cellular Sales EP-CH Cell Phone Store

    Suggested Use

    Realty agency Restaurant Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.724833057307
    Latitude
    39.661939903685

    Nearby Similar for Lease

    • New
      $3,800 /Mo
      36,155 SF

      Prime Newark Location Office Space

      Office space in a prime Newark location with easy access.
      720 New London Rd, Newark, DE 19711
      View Details
    • $2,500 /Mo
      5,227 SF

      Retail Space on Route 40

      Retail space in Newark with high traffic and great visibility.
      1426 Pulaski Hwy, Newark, DE 19702
      View Details
    • $2,450 /Mo
      1,875 SF

      Spacious Twin Home in Newark

      Three-bedroom twin home in Newark's Jenney's Run with ample storage.
      319 Lynley Ln, Newark, DE 19711
      View Details
    • Contact for pricing

      Medical Condominium Complex For Rent

      Medical condominium complex centrally located near I-95 and Christiana Hospital.
      774 Christiana Rd, Newark, DE 19713
      View Details
    • $22 SF/Yr
      2,405 SF

      Medical Office Space For Rent

      Well-maintained medical office building near Christiana Hospital.
      550 Stanton Christiana Rd, Newark, DE 19713
      View Details
    • Contact for pricing
      22,545 SF

      Medical Office Building Transformation

      Historic building with modern addition, ideal for medical practices.
      318 S College Ave, Newark, DE 19711
      View Details
    • $12 SF/Yr
      1,000 SF

      Industrial Space in Newark, DE

      Industrial space for lease near I-95 and University of Delaware.
      2860 Ogletown Rd, Newark, DE 19713
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Newark, DE

      Premier retail center in Newark, serving affluent nearby markets.
      101-108 Louviers Dr, Newark, DE 19702
      View Details
    • $15 SF/Yr
      2,767 SF

      Kirkwood Highway Retail/Office Space

      Versatile space on Kirkwood Highway with high visibility.
      1923 Capitol Trl, Newark, DE 19711
      View Details
    • Contact for pricing
      3,400 SF

      Astro Shopping Center Retail Space

      Prime Retail Space - 3,400 SF Available
      0 Astro Shopping Ctr, Newark, DE 19711
      View Details
    • Contact for pricing
      1,600 SF

      Mixed-Use Development Retail Space

      Retail space in a mixed-use development near University of Delaware.
      100 Suburban Dr, Newark, DE 19711
      View Details
    • $19 SF/Yr
      5,300 SF

      Newark Office Space For Rent

      185,000 SF office park near I-95/Route 273 interchange.
      258 Chapman Rd, Newark, DE 19702
      View Details

    FAQs

    What type of property is this?
    Retail property - Two prime retail spaces, Newark, DE.
    Where is this retail property located?
    The property is located at 379 Chestnut Hill Rd Newark, DE.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 6,000 SF and 7,000 SF retail spaces available.; ;
    Request Owner's contact information
    379 Chestnut Hill Rd Newark, DE 19713
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    379 Chestnut Hill Rd
    Newark, DE 19713
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    379 Chestnut Hill Rd Newark, DE 19713
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.