250 E Main St Newark, DE 19711
For Lease
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This exceptional retail or office space, formerly a thriving restaurant, presents a unique opportunity in Newark, Delaware. Located at 250 S Main St, 19711, within the vibrant Rittenhouse Station Student Housing Complex, this property boasts high visibility and exceptional foot traffic. The space offers a flexible layout ranging from 3,000 to 7,853 square feet, perfect for a variety of businesses. Its previous use as a popular restaurant and bar demonstrates its proven potential. The landlord is willing to adapt the space to suit the needs of a new tenant, whether it be general retail or traditional office use. Benefit from the strong demographics of the University of Delaware campus location, with over 18,845 vehicles passing daily. Convenient off-street parking is also available. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving student-centric environment. The property is a single-tenant space, offering complete control and flexibility. Don't miss this chance to establish your business in a prime Newark location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
18BB · Newark, DENewark. Always verify with local authorities before improvements.
Costs & 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.