Property profile

170 Main St Newark, DE 19711

OFF-MARKET
Retail space
Property ID
US17-0155106
2,728 SF 0.16 ac lot Built 1975
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This 875-square-foot traditional office space is ideally situated on East Main Street in Newark, Delaware, just blocks from the University of Delaware. The single-tenant unit offers a convenient lower-level location with direct access to a pleasant outdoor urban garden/lounge area. The open-concept layout includes an employee bathroom and limited off-street parking. Benefit from excellent main street frontage, providing prime opportunities for signage and visibility. This high-traffic location is complemented by three other thriving businesses within the same building, ensuring a vibrant and active environment. The property is categorized as retail, office, and restaurant space, offering versatility for a range of businesses. Located in New Castle County, Delaware, with the address 170 E Main St, Newark, DE 19711, this property presents a unique opportunity for businesses seeking a prominent location in a bustling downtown area. The property's coordinates are 39.68360683138057 latitude and -75.74610546656298 longitude.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Construction BRICK
Total area 2,728 SF
Lot 0.16 ac (6,970 SF)
Zoning code 18BB
APN 18-020.00-162
UPID US17-0155106

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
  • (Bike/Boat/Book/etc) Store
  • Recording Studio
  • Restaurant
  • Wellness Program Health Consultant
  • Architect

Location

170 Main St Newark, DE 19711-7318
Newark metro Census 14501 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2012
Price N/A

Zoning & alternative use

18BB · 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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