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    102 Astro Shopping Ctr Newark, DE 19711

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    For Lease
    Contact for pricing

    Newark, DE: Prime Retail Storefront Available

    Lot size:
    52,027 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail storefront opportunity is located within the vibrant Astro Shopping Center in Newark, Delaware. The space, part of a redeveloped center boasting a newly updated facade, offers a flexible footprint ranging from 1,600 to 3,200 contiguous square feet. Ideally situated as an end-cap unit, this location provides excellent visibility and accessibility. The Astro Shopping Center is a well-established retail destination anchored by prominent national tenants such as Super WaWa, Dollar Tree, and Hooters, ensuring high foot traffic and a strong customer base. The property features a total of 52,027 square feet across a single building, situated on a 5.36-acre lot. Ample parking is available with 293 spaces to accommodate customers and employees. Convenient access is provided via a lighted intersection at Meadowood Drive, as well as direct access from Kirkwood Highway. The property is zoned CR and was built in 1977. This is an excellent opportunity for businesses seeking a high-traffic location within a thriving retail center. The minimum divisible space is 1,600 square feet, offering flexibility for various retail concepts. The maximum contiguous space available is 3,200 square feet. This prime retail space presents a unique chance to establish or expand your business in a dynamic and well-established commercial environment. The address is 102 Astro Shopping Center, Newark, DE 19711.

    Property Features for 102 Astro Shopping Ctr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,027 SF

    Building Details

    Year Built
    1977
    Buildings
    1

    Unit(s) available at that property

    Space
    1st Floor
    Size
    3,200 SF

    HighLights

    • High‑visibility end‑cap space with potential patio.
    • Strong tenant mix featuring national brands.
    • Convenient access with multiple points of entry/exit.
    • Extensive on‑site parking available.
    • Prominent pylon signage for enhanced brand awareness.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6866839
    Latitude
    39.7064246

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    FAQs

    What type of property is this?
    Individual retail property - Newark, DE: Prime Retail Storefront Available
    Where is this individual retail property located?
    The property is located at 102 Astro Shopping Ctr Newark, DE.
    What are key features of this property?
    This property features: High-visibility end-cap space with potential patio.; Strong tenant mix featuring national brands.; Convenient access with multiple points of entry/exit.
    Request Owner's contact information
    102 Astro Shopping Ctr 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
    102 Astro Shopping Ctr Newark, DE 19711
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