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.
Richard Dudek
NAI Emory Hill
