250 Main St, Newark, DE 19711

3,000 - 7,853 SF of 4-Star Retail Space Available in Newark, DE 19711

Asking Price $18 /SF/YR

Property Type
Multifamily
RSF (Rentable Sq. Ft)
54,000 SF

Listing Contacts

Richard Dudek

Property Overview

Discover a highly adaptable retail and office space on the ground floor of Rittenhouse Station, an off-campus multifamily building for the University of Delaware. The flexible space comprises nearly 8,000 square feet that can be demised to house multiple tenants. A wide net of businesses would be perfect for this locale including shops, entertainment, retailers, office users, and beyond. Because of the built-in student base above, many different businesses can take advantage of this prime space and monetize.

Newark is the ideal place for retail and office largely due to the area's demographics. The population is on a steady rise with high household incomes in a 10-mile radius exceeding $106,000 annually. In addition, the area has a noteworthy and robust spending power of $4.88 billion annually. The University of Delaware, with over 23,000 total students enrolled, also plays well into area statistics. One of the country's oldest universities, the University of Delaware provides its undergraduates with access to 150 majors and minors and outstanding research opportunities thanks new research labs in different areas that are being started each year.

Newark is home to an eclectic mix of restaurants and nightlife venues dotting Main Street. Seeing over 20,000 vehicles per day, this area is heavily trafficked by students as well as the local population. Several local and national retailers line Main Street including 7-Eleven, Sunoco, restaurants, bars, and more.

The ground-floor space at 250 S Main Street presents tenants with an excellent place for see their business thrive.

Property Details

Year Built
2013

Highlights

  • Up to 8,000 square feet of rentable space perfectly suited for retail or office thanks to the broad area zoning.
  • Quick walk to the University of Delaware Campus where the student body nearly matches the city’s population of permanent residents.
  • Highly visible location in the heart of Newark just off of South Main Street, which sees nearly 20,000 vehicles per day.
  • There are several amenities provided with plentiful on- and off-site parking available for tenants and new business patrons.

All available spaces

Space
1st Floor, Ste 101
Size
30,007,853 SF
Term
Negotiable
Rate per SF
$18
Space Subtype
Relet

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