Property summary
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
VerifiedCap rate & NOI
Current use
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Bar & Pub Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CR · Newark, DEZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for CR in Newark, DE.
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Find the owner behind the property.
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