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Property profile & analytics
OFF-MARKET
Strip malls

1007 College Ave Newark, DE 19713-2305

12,833 SF 1.42 ac lot Built 1972
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US17-0193024
Property summary
AI-generated overview

This exceptional 1,200 square foot retail space is ideally situated at 1007 S College Ave in Newark, Delaware, within New Castle County (zip code 19713). Currently entirely vacant, this property presents a unique opportunity for a single tenant to occupy the entire building. The building's classification is commercial retail, offering significant potential for a variety of businesses. The property's prime location ensures high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a bustling area. With 1,200 square feet of completely vacant space, the layout is adaptable to suit diverse business needs. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to explore the possibilities this versatile retail space offers. The property's address is easily accessible and benefits from excellent visibility, making it an ideal location for attracting customers. This is a rare opportunity to secure a substantial retail space in a desirable Newark location. The entire 1,200 square feet is available for lease, providing ample room for a variety of retail ventures. Contact us today to schedule a viewing and discuss your business needs.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1972
Construction CONCRETE
Total area 12,833 SF
Lot 1.42 ac (61,855 SF)
Zoning code 18BC
APN 18-046.00-025
UPID US17-0193024
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TJM Financial Group Loan Service
  • Delaware Tool Exchange (Bike/Boat/Book/etc) Store Building Supply
  • T & T Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Patel Investments INC · 21 yrs held
Patel Investments INC
since 2005
2 recorded transactions
2005
$2.5M
1969
Price N/A
Zoning & alternative use
18BC · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source BILL NO
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