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    45 Main St Newark, DE 19711

    Sponsored
    For Lease
    $28 SF/Yr

    1,500 SF Retail Space Available

    Lot size:
    41,452 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,500 square foot retail space is located on Newark's vibrant Main Street, offering unparalleled visibility and accessibility. Situated on the second floor of a two-story building constructed in 1996, this unit benefits from abundant natural light thanks to large windows overlooking Main Street and additional storefront windows and doors opening into the building's common area. The space is part of a larger 41,452 square foot multi-tenant building, sharing the building with established businesses such as CVS, Grotto Pizza, and Brew Haha. The building is conveniently served by an elevator, ensuring easy access for customers and employees. Ample parking is readily available in a large municipal lot located directly behind the building, providing over 200 parking spaces for patrons. The building's common area is strategically positioned, accessible from both Main Street and Delaware Avenue, creating a high pedestrian traffic flow. This prime location is in the heart of the University of Delaware campus, guaranteeing a consistent flow of potential customers. The property is zoned 18BB within New Castle County, Delaware. This space presents a unique opportunity for a business seeking high visibility and a strong location within a thriving commercial district. The building's existing tenant mix provides a synergistic environment, attracting a diverse customer base. This is a rare opportunity to establish a presence in a highly desirable location.

    Property Features for 45 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,452 SF
    Total Rate
    99657.52

    Building Details

    Year Built
    1996
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 203
    Size
    1,500 SF
    Rate per SF
    $28

    HighLights

    • 41,452 SF retail building with multiple tenants in New Castle County.
    • 1,500 SF of vacant second‑floor retail space available.
    • Located on Main Street in Newark, near the University of Delaware.
    • Space features Main Street frontage with large windows and abundant natural light.
    • Building includes an elevator and over 200 parking spaces in a nearby municipal lot.
    • Building's common area provides pedestrian access from Main Street and Delaware Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7516615
    Latitude
    39.6828943

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    FAQs

    What type of property is this?
    Retail property - 1,500 SF Retail Space Available
    Where is this retail property located?
    The property is located at 45 Main St Newark, DE.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 41,452 SF retail building with multiple tenants in New Castle County.; 1,500 SF of vacant second-floor retail space available.; Located on Main Street in Newark, near the University of Delaware.
    Request Owner's contact information
    45 Main St Newark, DE 19711
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    Newark, DE 19711
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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
    45 Main St Newark, DE 19711
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