102 Astro Shopping Ctr Newark, DE 19711
- Community centers
- 38,520 SF
- 3.32 lot acres
Current Use by Public Records
- Community centers
Property Details for 102 Astro Shopping Ctr
- Year built
- 1977
- Construction
- CONCRETE
- Lot size
- 3.32 lot acres
- Property size
- 38,520 SF
- Zone code
- CR
- Property type
- Community centers
- APN
- 08-055.10-094
- APU
- 805510094
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $980,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $875,000
- 6.5%
- $910,000
- 7%
- $955,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,050,000
- Geo Method
- $920,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $925,000
- Retail
- $850,000
- Mixed-Use
- $1,145,000
- Hospitality
- $1,040,000
- Educational
- $895,000
- Residential Income
- $1,055,000
- Energy
- $1,085,000
- Income-Based Land
- $870,000
- Food Service
- $1,040,000
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- New Castle
- State
- Delaware
- Longitude
- -75.6867
- Latitude
- 39.7064
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
