111 Ruthar Dr Newark, DE 19711
This exceptional 16,000-square-foot industrial property at 111 Ruthar Drive in Newark, Delaware, presents a unique investment opportunity. Currently offering 3,300 square feet of immediately available space within a single-story, Class B building, this flex/warehouse space is perfect for a variety of businesses. The building sits on a 1.66-acre lot and features a 20-foot ceiling height, ideal for storage or high-volume operations. One loading dock and one dock-high door ensure efficient loading and unloading. Ample parking is available for employees and clients. The property is zoned for industrial use and benefits from a convenient location within the Harmony Industrial Park, providing easy access to major transportation arteries including I-95, Route 72, and Route 2, offering seamless connectivity throughout New Castle County. The landlord is open to negotiating tenant improvements, making this space adaptable to specific business needs. The existing tenant occupies the remaining space, creating a stable environment. This property offers a blend of functionality and accessibility, making it an attractive option for businesses seeking a strategic location in Delaware. The 19711 zip code provides access to a robust workforce and established infrastructure. This is a single-tenant building with significant potential for growth and customization.
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Phar Merica Pharmacy
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Elaine P. Voit, RPh Pharmacy
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Gloria F. Akinkunmi, PharmD Pharmacy
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Wayne C. Sartorio Sr, PharmD Pharmacy
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Patricia A. Klishevich, RPH Pharmacy
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I · Newark, DECosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.