500 Plaza DrNewark, DE 19702
- Retail properties
- 72,042 SF
Property Details for 500 Plaza Dr
- Year built
- 2000
- Construction
- CONCRETE
- Lot size
- 15.86 AC
- Property size (Sq ft)
- 72,042 SF
- Zone code
- CN
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- 11-017.20-155
- APU
- 1101720155
Description
Four Seasons Plaza, located at 500 Plaza Drive in Newark, Delaware (zip code 19702), offers a prime retail opportunity. This neighborhood center boasts a total of 134,423 square feet and currently has one available suite measuring 5,500 square feet. The minimum divisible space is 5,500 square feet, and the maximum contiguous space available is also 5,500 square feet. The property sits on 15.86 acres of land and is strategically positioned on Route 40, providing excellent visibility and accessibility between Interstates 95 and 896. This high-traffic location benefits from over 22,000 vehicles passing daily, ensuring significant exposure for businesses. The property is classified as a neighborhood retail center, offering a convenient and accessible shopping experience for the local community. The available space is suitable for a variety of retail uses and presents a unique opportunity for businesses seeking a prominent location in a thriving area of Newark, Delaware. This end-cap and inline space offers high visibility and ample space for a variety of retail concepts. The property's size and location make it an ideal choice for businesses looking to establish a strong presence in the Newark market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $45,259,440
- 6.5%
- $41,777,944
- 7%
- $38,793,804
-
Comparable approach
- Method
- Valuation
- Relative Method
- $38,501,092
- Geo Method
- $23,720,780
-
Alternative Use
- Use
- Valuation
- Residential
- $35,241,260
- Hospitality
- $32,280,804
- Educational
- $26,857,250
- Medical
- $27,780,912
- Retail
- $41,777,944
Location Insight
- City
- Newark
- County
- New Castle
- State
- Delaware
- Latitude
- 39.6268
- Longitude
- -75.7457
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].