This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
108 E Main St
5,500 SF of Retail Space Available in Newark, DE 19711
Highlights
- Commercial space opportunity in the heart of downtown Newark
- This space occupies a position at the rear of the building with signage and a dedicated walkway guiding visitors to the entrance
- Space is customizable
- Situated within an impressive 3-story, 30,000 sq. ft. mixed-use building on East Main Street in downtown Newark
- Current residents include: University of Delaware, Chef Tan, Rooted, and EC Tan
- Located next to the Main Street Post Office and the Hamilton’s on Main
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 5,500 SF | Negotiable | $24.00 /SF/YR $2.00 /SF/MO $258.33 /m²/YR $21.53 /m²/MO $11,000 /MO $132,000 /YR | Triple Net (NNN) |
Ground
5,500 square feet available on the ground floor on the back portion of the commercial space located at 108 East Main Street.
- Lease rate does not include utilities, property expenses or building services
- Recently used as a dance studio, a
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 108 E Main St , Newark, DE 19711
| Property Type | Retail | Gross Leasable Area | 44,013 SF |
| Property Subtype | Freestanding | Year Built/Renovated | 1983/2010 |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 44,013 SF |
| Year Built/Renovated | 1983/2010 |
About the Property
Introducing a remarkable opportunity to establish your business presence in the vibrant heart of downtown Newark. Nestled within a striking 3-story, 30,000 square feet mixed-use building on East Main Street, this commercial space offers an expansive 5,500 square feet, available for lease. Positioned at the rear of the building, yet easily accessible with dedicated signage and a welcoming walkway from East Main Street, this space ensures both visibility and convenience for your clientele. This space was previously used as a dance studio, and would conveniently accommodate a similar business, however it is customizable to fit your specific needs. Your business will thrive harnessing the energy of downtown Newark's bustling landscape to propel your enterprise forward. Embrace the opportunity to shape your space to reflect your unique brand and vision, with this customizable space awaiting your creative touch. Whether you envision a chic retail boutique, a dynamic co-working space, or a trendy culinary destination, this versatile offering can be tailored to suit your specific needs and aspirations. Adjacent to well-known landmarks such as the Main Street Post Office and the iconic Hamilton’s on Main, seize this opportunity to establish your presence in one of Newark's most coveted locations. *** Watch Video Tour in Links ***
- Signalized Intersection
Nearby Major Retailers
-
Alissa Cirillo -
Lang Development Group
Presented by
108 E Main St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.