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    OFF-MARKET
    Retail space

    170 Main St, Newark, DE 19711-7318

    2,728 SF 0.16 ac lot Built 1975
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US17-0155106
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Jb Choice LLC · 2 yrs held
    Jb Choice LLC
    since 2023
    2 recorded transactions
    2023
    2012
    Zoning & alternative use
    18BB · Newark, DE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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