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    379 E Chestnut Hill Rd Newark, DE 19713
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    Property profile & analytics

    379 E Chestnut Hill Rd, Newark, DE 19713

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    • Grocery and convenience stores
    • 1,320 SF
    • 15.48 lot acres
    Retail Spaces in Chestnut Hill For Lease
    $17 SF/Yr

    Retail Spaces in Chestnut Hill

    Retail spaces available in busy Chestnut Hill Plaza Shopping Center.

    379 E Chestnut Hill Rd, Newark, DE 19713
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    Property ID
    US17-0187141
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Verizon / Mobile Phone Store / Electronics & Wireless Store
    • Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
    • Cellular Sales EP-CH / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 379 E Chestnut Hill Rd

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    15.48 lot acres
    Zone code
    CR
    Property type
    Grocery and convenience stores
    APN
    11-006.20-109
    APU
    1100620109

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 24, 2023 — Delaware Restaurants LLC — Deed · related $5k · New Castle County Hill Plaza Holdings
    Nov 18, 2019 — Delaware Restaurants LLC — Loan Modification · related $96.5M · Citizens Bk NA
    Aug 14, 2019 — Chestnut Hill Plaza Holdings Corp — Deed · related $5.4M · Morgan Stanley Private Bank NA
    Sep 30, 2016 — Delaware Restaurants LP — Deed · related $57M · Citizens Bk
    Dec 10, 2012 — Delaware Restaurants LP — Grant Deed · related $21.3M · Rbs Citizens NA
    — — Delaware Restaurants LP — Loan Modification · related $57M · Citizens Bk

    Description

    This exceptional retail opportunity presents two available spaces within the vibrant Chestnut Hill Plaza shopping center in Newark, Delaware. Located at 379 E Chestnut Hill Rd, this single-story Class B property boasts a total of 201,305 square feet situated on a substantial 15.48-acre lot (674,371 sq ft). Each of the two available suites offers a flexible footprint ranging from 6,000 to 7,000 square feet, perfect for a variety of retail uses. The property underwent renovations in 2022, ensuring modern amenities for tenants. Ample parking is available for customers and employees, complemented by ample power supply. The property is zoned for commercial use and conveniently located at the intersection of Chestnut Hill Road and Marrows Road in the Northern New Castle County submarket of Newark, Delaware. The property's APN is 1100620109, and it's situated in New Castle County, Delaware, zip code 19713. This high-traffic location within a thriving shopping center offers excellent visibility and accessibility, making it an ideal investment for discerning businesses seeking a strong presence in the Newark market. The property's multiple tenancy structure provides a diverse and dynamic environment.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

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    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7243
    Latitude
    39.6621
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $236,663
    $1,011,500
    $4,647,900
    $5,659,400
    -
    $0.00
    $0.00
    $0.00
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    More about this property
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