Property profile

77 E Main St Newark, DE 19711

FOR LEASE
Retail space
Property ID
US17-0121124
2,973 SF 0.33 ac lot Built 1953
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional executive office space, totaling 2,169 square feet, is ideally situated on Newark's Main Street, offering unparalleled proximity to the University of Delaware campus. The property is part of a larger building encompassing 8,925 square feet, featuring a total of one suite. This specific suite is a two-story space, providing ample room for a variety of business needs. The layout includes five individual offices, a loft area with two generously sized rooms, a functional kitchen, and convenient bathroom facilities consisting of two half-baths and one full bath. Large windows offer excellent natural light and a captivating view of the bustling Main Street. The building itself is a Class C property, constructed in 1983, and sits on a 0.33-acre lot. Parking is available with four spaces provided. The property is zoned 18BB within New Castle County, Delaware. This presents a unique opportunity for businesses seeking a prominent location with substantial space and convenient amenities. The available space is currently vacant and ready for immediate occupancy.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1953
Construction CONCRETE
Total area 2,973 SF
Lot 0.33 ac (14,375 SF)
Zoning code 18BB
APN 18-020.00-056
UPID US17-0121124

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
  • Academic Department
  • Hair Salon Nail Salon
  • Research Institute
  • Hair Salon
  • Hair Salon

Location

77 E Main St Newark, DE 19711
Newark metro Census 14502 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2019
Price N/A
1969
Price N/A
1969
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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