273 Rte Newark, DE 19702
- Lifestyle centers
- 194,171 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 273 Rte
- Property size
- 194,171 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- New Castle
- State
- Delaware
- Longitude
- -75.6985
- Latitude
- 39.6798
