Property summary
This exceptional office property at 248 Chapman Road in Newark, Delaware offers multiple tenancy options, ideal for businesses seeking flexible space. The building provides a total of 9,436 to 19,628 square feet of office space, with two suites currently available. Located in New Castle County, this property boasts a highly convenient location, less than a mile from the I-95 Interchange with Route 273, ensuring easy access for employees and clients. The property benefits from its proximity to a wide array of amenities, the University of Delaware, and a large pool of skilled workers. First-floor spaces offer the advantage of direct exterior access, enhancing convenience and accessibility. Ample parking is provided at a generous rate of 4.5 spaces per 1,000 square feet. Further enhancing the property's appeal, the lobby is scheduled for renovations and updates in Spring 2024. This presents a unique opportunity to secure high-quality office space in a thriving Delaware location. The property is situated at 248 Chapman Rd, Newark, DE 19702.
Property profile
VerifiedCap rate & NOI
Current use
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Engineering Consultant
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Insurance Agency
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Corporate Office
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Business Management Consultant Professional Services
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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