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    Rte 273 Newark, DE 19702

    Sponsored
    For Sale
    Contact for pricing

    High-traffic Delaware shopping center

    Property size:
    194,171 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 194,171 square foot shopping center, located in Newark, Delaware, presents a rare investment opportunity. Situated on Route 273 in New Castle County (zip code 19702), this retail property boasts unparalleled regional accessibility due to its proximity to major roadways, including I-95 and DE Route 1. The center serves a substantial population base, with 280,000 people residing within a 15-minute drive. This high barrier-to-entry market makes this a particularly attractive proposition for discerning investors. A key feature of this property is a readily available 7,500 square foot second-generation restaurant space, perfect for a variety of culinary concepts. The property's strategic location and substantial size offer significant potential for growth and strong returns. The center's established presence within a thriving community ensures a consistent flow of customers, making it an ideal location for a diverse range of retail businesses. This is a unique chance to acquire a well-positioned asset in a highly desirable market. The property's size and location make it an excellent investment opportunity for those seeking a strong return on investment in a high-demand area.

    Property Features for 0 Rte 273

    General Information

    Property type
    Lifestyle centers
    Square Feet
    194,171 SF

    HighLights

    • 194,171 square foot shopping center in Newark, DE (zip code 19702).
    • Excellent location on Route 273, near I‑95 and DE Route 1, serving a 15‑minute drive‑time population of 280,000.
    • Features a 7,500 square foot second‑generation restaurant space.
    • High barrier‑to‑entry market offering strong potential for growth and ROI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6984742
    Latitude
    39.6797589

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic Delaware shopping center
    Where is this lifestyle center located?
    The property is located at Rte 273 Newark, DE.
    What are key features of this property?
    This property features: 194,171 square foot shopping center in Newark, DE (zip code 19702).; Excellent location on Route 273, near I-95 and DE Route 1, serving a 15-minute drive-time population of 280,000.; Features a 7,500 square foot second-generation restaurant space.
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    Rte 273 Newark, DE 19702
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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
    Rte 273 Newark, DE 19702
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