168 E Main St

168 E Main St, Newark, DE 19711

  • For Sale $150,000
  • Property Type Retail - Restaurant
  • Property Size 3,648 SF
  • Lot Size 0.13 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1982
  • Date Updated Oct 3, 2024
Newark, DESeller has just reduced the price substantially to move forward with other investments. The furniture and fixtures in the restaurant is valued over $300,000. The 3,648 +/- SF interior and exterior spaces were completely renovated in 2022 with all new furniture, fixtures and state-of-the-art kitchen equipment. The additional patio affords more seating and creates a lively atmosphere for students, professors and families alike! There are 18,665 undergrads and 7,557 graduate students currently at the University! The families of the students come into town a few times a year and stay in the local hotels, adding more foot traffic and a need for a dining experience - talk about a built-in clientele! There is a restaurant liquor license with an outdoor patio licensed to sell alcohol outdoors. This license is transferrable to a "qualified buyer". Also, there is the approval by the city for an additional side outside patio.

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Attachments

Highlights

  • All brand new furniture, fixtures and state-of-the-art kitchen equipment is included in the sale price!
  • The lease was initiated in 2021 and is good until 1/31/31!
  • Monthly rent is currently $9,892 with annual increases of only 2% increments.
  • Sellers are willing to train new owner upon executed agreement of sale and two weeks after settlement.

Contacts

broker

Joseph Latina

LMT Commercial | Corfac International

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable
  • Bike Score ®

    92/100 Biker's Paradise
Powered by Walk Score ®
  • City Newark, DE
  • Zip Code 19711
  • Market Philadelphia

Frequently Asked Questions

How much does 168 E Main St cost?

The space currently listed for sale at 168 E Main St asks for $150,000.

What is the total square footage of 168 E Main St?

168 E Main St totals 3,648 square feet.

When was this property built?

168 E Main St was built in 1982.

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Contact Listing Broker

broker

Joseph Latina

LMT Commercial | Corfac International