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77 E Main St 11,578 SF 16% Leased Office Building Newark, DE 19711 $2,500,000 ($215.93/SF)
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
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
$2,500,000
Price Per SF
$215.93
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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Local Luv Salon
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Local Luv Salon | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 18-020.00-056 | Improvements Assessment | $193,800 |
| Land Assessment | $143,800 | Total Assessment | $337,600 |
Property Taxes
Parcel Number
18-020.00-056
Land Assessment
$143,800
Improvements Assessment
$193,800
Total Assessment
$337,600
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77 E Main St
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