134 Main StNewark, DE 19711

Property Details for 134 Main St

Year built

1950

Construction

CONCRETE

Lot size

0.65 AC

Property size (Sq ft)

5,173 SF

Zone code

18BB

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

18-020.00-126

APU

1802000126

Description

This exceptional new construction retail property, located at 134-140 East Main Street in Newark, Delaware, offers a unique opportunity for businesses seeking prime commercial space. The building, completed in 2024, boasts a total of 14,465 square feet across six stories, with one building on the site. Multiple tenancy options are available, with spaces ranging from a minimum of 2,213 square feet to a maximum contiguous space of 1,974 square feet. Currently, 4,187 square feet of ground-floor retail space is vacant and ready for immediate occupancy. This presents an ideal opportunity for a restaurant or other retail establishment seeking high visibility and foot traffic on Main Street. The property's location in the vibrant city of Newark, Delaware, zip code 19711, ensures excellent access to a diverse customer base. The property's Assessed Parcel Numbers (APN) are 18-020.00-126 and 18-020.00-127. This is a rare chance to secure a brand-new, high-quality retail space in a thriving Delaware community. Don't miss this chance to establish your business in a prime location. Contact us today to learn more about leasing options and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $2,741,386

  6.5%

  $2,530,510

  7%

  $2,349,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,700,438

  Geo Method

  $1,047,652

• Alternative Use

  Use

  Valuation

  Residential

  $2,530,510

  Hospitality

  $2,317,934

  Educational

  $1,928,494

  Medical

  $1,994,818

  Retail

  $2,999,879

Location Insight

City

Newark

County

New Castle

State

Delaware

Latitude

39.684

Longitude

-75.7479

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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