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906 South Chapel 906 S Chapel St 1.2 Acres of Commercial Land for Lease in Newark, DE 19713

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HIGHLIGHTS

  • Located at signalized intersection
  • 1.2 miles from University of Delaware, with over 24,000 students and faculty
  • Dense surrounding residential population, with established neighborhoods
  • Previously approved for 2,551 SF restaurant with drive-thru
  • Approximately 2 miles from I-95/896 Interchange
  • Limited competition for drive-thru parcels in the immediate area

LOT AVAILABLE

Display Rental Rate as

Rental Rate
  • $2.88 CAD/SF/YR
  • $0.24 CAD/SF/MO
  • $150,759 CAD/YR
  • $12,563 CAD/MO
Lease Term Negotiable
Lot Size 1.20 AC

Previously approved for a 2,551 SF restaurant with drive-thru

PROPERTY OVERVIEW

This 1.20-acre parcel offers a high-visibility ground lease opportunity located at a signalized intersection. Previously approved for a 2,551 SF restaurant with a drive-thru, the site is ideally suited for quick-service food, coffee, financial institutions, or other retail or service-oriented concepts. Located directly across from BJ’s Wholesale Club, Dollar Tree, and Food Lion—the property benefits from consistent traffic flow (20,717 AADT), and easy access to major thoroughfares including East Chestnut Hill Road and Route 72. Zoned CN, the site supports a wide range of uses and offers excellent development flexibility in a high-demand corridor with strong demographics and year-round activity from nearby university students and local residents.

PROPERTY FACTS

Total Space Available 1.20 AC
Property Type Land
Property Subtype Commercial
Proposed Use Office

ATTACHMENTS

Brochure
  • Listing ID: 36377370

  • Date on Market: 2025-07-29

  • Last Updated:

  • Address: 906 S Chapel St, Newark, DE 19713

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