Property summary
This exceptional 1,500 square foot retail space is located on Newark's vibrant Main Street, offering unparalleled visibility and accessibility. Situated on the second floor of a two-story building constructed in 1996, this unit benefits from abundant natural light thanks to large windows overlooking Main Street and additional storefront windows and doors opening into the building's common area. The space is part of a larger 41,452 square foot multi-tenant building, sharing the building with established businesses such as CVS, Grotto Pizza, and Brew Haha. The building is conveniently served by an elevator, ensuring easy access for customers and employees. Ample parking is readily available in a large municipal lot located directly behind the building, providing over 200 parking spaces for patrons. The building's common area is strategically positioned, accessible from both Main Street and Delaware Avenue, creating a high pedestrian traffic flow. This prime location is in the heart of the University of Delaware campus, guaranteeing a consistent flow of potential customers. The property is zoned 18BB within New Castle County, Delaware. This space presents a unique opportunity for a business seeking high visibility and a strong location within a thriving commercial district. The building's existing tenant mix provides a synergistic environment, attracting a diverse customer base. This is a rare opportunity to establish a presence in a highly desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Cosmetic Store
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(Bike/Boat/Book/etc) Store Cosmetic Store
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Restaurant
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Eye Care Center Optometrist
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Student Housing Center
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
18BB · 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 18BB in Newark, DE.
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