170 Main StNewark, DE 19711

Property Details for 170 Main St

Year built

1975

Construction

BRICK

Lot size

0.16 AC

Property size (Sq ft)

2,728 SF

Zone code

18BB

Property type

Retail space

APN

18-020.00-162

APU

1802000162

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,319,140

  6.5%

  $1,217,670

  7%

  $1,130,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $601,678

  Geo Method

  $370,698

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,358,080

  Mixed-Use / Specialty

  $1,219,990

  Hospitality / Lodging

  $903,741

  Office

  $1,219,680

  Institutional / Educational

  $1,270,680

  Residential Income

  $1,486,690

  Multifamily

  $1,746,120

  Automotive / Energy

  $1,089,150

  Parking / Income-Based Land

  $369,270

  Restaurant / Food Service

  $648,745

  Healthcare / Senior Housing

  $1,244,240

Location Insight

City

Newark

County

New Castle

State

Delaware

Latitude

39.6839

Longitude

-75.7462

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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