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Rittenhouse Station 250 S Main St

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

Virtual Tour

Highlights

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

all available space(1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 1st Floor, Ste 101
  • 3,000-7,853 SF
  • Negotiable
  • $25.32 CAD/SF/YR $2.11 CAD/SF/MO $272.49 CAD/m²/YR $22.71 CAD/m²/MO $16,567 CAD/MO $198,800 CAD/YR
  • Retail
  • Full Build-Out
  • 30 Days

Divisible retail space on the first floor of a major multifamily building in Newark, Delaware.

  • Lease rate does not include utilities, property expenses or building services
Space Size Term Rental Rate Space Use Condition Available
1st Floor, Ste 101 3,000-7,853 SF Negotiable $25.32 CAD/SF/YR $2.11 CAD/SF/MO $272.49 CAD/m²/YR $22.71 CAD/m²/MO $16,567 CAD/MO $198,800 CAD/YR Retail Full Build-Out 30 Days

1st Floor, Ste 101

Size
3,000-7,853 SF
Term
Negotiable
Rental Rate
$25.32 CAD/SF/YR $2.11 CAD/SF/MO $272.49 CAD/m²/YR $22.71 CAD/m²/MO $16,567 CAD/MO $198,800 CAD/YR
Space Use
Retail
Condition
Full Build-Out
Available
30 Days

1st Floor, Ste 101

Size 3,000-7,853 SF
Term Negotiable
Rental Rate $25.32 CAD/SF/YR
Space Use Retail
Condition Full Build-Out
Available 30 Days

Divisible retail space on the first floor of a major multifamily building in Newark, Delaware.

  • Lease rate does not include utilities, property expenses or building services

PROPERTY FACTS FOR 250 S Main St , Newark, DE 19711

No. Units 100
Min. Divisible 3,000 SF
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Size 54,000 SF
Year Built 2013

About the Property

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.

Features and Amenities

  • Clubhouse
  • Fitness Center
  • Playground
  • Basketball Court
  • Furnished Units Available
  • Gameroom
  • Volleyball Court
  • Study Lounge

Marketing Brochure

Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
17,152
64,261
130,786
289,232
2029 Population
18,019
66,125
133,585
294,325
2024-2029 Projected Population Growth
5.1%
2.9%
2.1%
1.8%
Median Age
27.8
31.9
35.6
39.0
College Degree + Higher
54%
42%
38%
22%
Daytime Employees
6,181
26,972
53,685
138,643
Total Businesses
782
3,000
5,783
16,329
Average Household Income
$81,045
$86,850
$93,486
$99,021
Median Household Income
$55,727
$64,267
$71,039
$76,076
Total Consumer Spending
$158.8M
$691.9M
$1.5B
$3.6B
2024 Households
5,294
22,830
48,766
109,290
Average Home Value
$332,610
$318,909
$315,481
$318,755
$ values in USD

Nearby Major Retailers

Anytime Fitness
The Greene Turtle Sports Bar& Grille
Pat's Family Restaurant
B.b.q Chicken
Snap Fitness 24/7
Starbucks
Buffalo Wild Wings
Chase Bank
PNC Bank
Saladworks

Leasing Agent

Leasing Agent

(302) 221-7212
Contact
Richard Dudek, Senior Associate
(302) 221-7212
Contact
Rich is a Senior Associate at NAI Emory Hill providing consulting and real estate consulting services to a wide variety of clients. Rich began his entrepreneurial career by launching a tanning salon business while in college. After selling the business in 2004, he transitioned into commercial real estate where he has earned a reputation for his ability to develop creative, value-added real estate solutions for his clients as well as mentoring new brokers at the firm.

Rich built his practice by working with established local, regional and national companies in New Castle, Kent and Sussex Counties in Delaware; Chester County in Pennsylvania and Cecil County in Maryland.  He consistently ranks a top performing broker in Delaware. He enjoys advising owner operators and first-time buyers of commercial properties. He navigates them through the pitfalls and makes sure they have the right team in place to get a commercial real estate transaction across the finish line.

Rich earned a Bachelor of Arts in Marketing from the University of Delaware in 2003 and is a native of Hockessin, Delaware. He is a member of the Caesar Rodney Rotary Club, past board member of Goodwill of Delaware and Delaware County and is currently an active SIOR.

Rich’s primary goal with every new assignment is not to do a single transaction, but to gain a commercial real estate client for life.

About the Owner

Read More
  • Listing ID: 19800230

  • Date on Market: 2020-06-05

  • Last Updated:

  • Address: 250 S Main St, Newark, DE 19711

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