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168 E Main St
Newark, DE 19711

$9,892 USD/MO

Restaurant For Lease  •  3,648 SF

Property Details

  • Property Type Restaurant
  • Year Built 2000
  • Total Building Size 4,000 SF
  • Tenancy Single
  • Building Class C
  • Zoning 18BB
0 Transit Score
83 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 3,648 SF $32.54 USD/SF/YR
  • Date available: Now
  • Lease term: 7 Years
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description

REDUCED! New Business Sale Price: $100,000
Building is For Lease!

Seller 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.

Highlights

New furniture, fixtures and kitchen equipment
The lease is good until 2031
Monthly rent is $9,892 with 2% increases
Seller will train new owner for 2 weeks with sales

Property Flyers

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Newark (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 2 min - 1.3 mi
Churchmans Crossing (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 11 min - 5.7 mi
AirportDriveWalkDistance
Philadelphia International 48 min - 34.4 mi
Joseph Latina 302-414-1000 LMT Commercial Realty, LLC
Joseph Latina 302-414-1000 LMT Commercial Realty, LLC