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77 E Main St
Newark, DE 19711
Office Property For Sale
Investment Highlights
- Newark's Main Street - Heart of University of Delaware foot traffic
- Off street parking
- Multifamily Redevelopment Opportunity
Executive Summary
11,578 SF office space available on Newark’s Main Street in the heart of the University of Delaware campus. The available three story space boasts windows overlooking Main Street. There are multiple offices, loft with 2 large rooms, a kitchen, 2 full baths, one in front on second floor and one in rear on third floor. Currently has an existing tenant (Local Luv Salon) until 10/31/2028. Could also be an opportunity for redevelopment for new owner.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
11,578 SF
Building Class
C
Year Built
1983
Price
$3,388,250 CAD
Price Per SF
$292.65 CAD
Percent Leased
16%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,859 SF
Building FAR
0.81
Lot Size
0.33 AC
Zoning
18BB - Central Business District allows for a mix of commercial, residential, and institutional uses like offices, libraries, and apartments
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 18-020.00-056 | Improvements Assessment | $262,657 CAD |
| Land Assessment | $194,892 CAD | Total Assessment | $457,549 CAD |
Property Taxes
Parcel Number
18-020.00-056
Land Assessment
$194,892 CAD
Improvements Assessment
$262,657 CAD
Total Assessment
$457,549 CAD
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