Property profile

1430 Pulaski Hwy Newark, DE 19702

OFF-MARKET
Turn key restaurants
Property ID
US17-0215836
4,500 SF 0.1 ac lot Built 2006
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 16,000 square foot retail pad, located at 1430 Pulaski Highway in Newark, Delaware (zip code 19702), presents a unique investment opportunity. Situated within the thriving Elizabeth Plaza, this fully approved site is ready for immediate development. The property offers flexibility in design, accommodating configurations ranging from multiple 80 x 20 bays to a single, free-standing building. Its prime location on Route 40 (Pulaski Highway) ensures high visibility and accessibility, benefiting from an average daily traffic count of 40,000 vehicles traveling at an average speed of 45 mph. The plaza boasts excellent ingress and egress, and ample parking is available for customers and employees. The site is anchored by Paul Mitchell Hair School, further enhancing its appeal and attracting a steady stream of potential customers. This build-to-suit opportunity allows for customization to meet specific business needs, with sizes ranging from 1,750 to the full 16,000 square feet. The asking price for this exceptional retail pad is $800,000. Don't miss this chance to establish your business in a high-traffic, well-established retail corridor.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Construction CONCRETE
Total area 4,500 SF
Lot 0.1 ac (4,356 SF)
Zoning code CR
APN 10-043.00-032
UPID US17-0215836

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

1430 Pulaski Hwy Newark, DE 19702-5108
Newark metro Census 16301 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

CR · Newark, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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