906 S Chapel St
Market Price
906 S Chapel St, Newark, DE 19713
1.2 acres
Lot Area
Details:
Description:
This 1.20-acre parcel offers a high-visibility ground lease opportunity just over one mile from the University of Delaware campus. Previously approved for a 2,551 SF restaurant with a drive-thru, the site is ideally suited for quick-service food, coffee, financial institutions, or other retail or service-oriented concepts. Located directly across from Pencader Plaza—home to BJ’s Wholesale Club, Dollar Tree, and Food Lion—the property benefits from strong area co-tenancy, consistent traffic flow (20,717 AADT), and easy access to major thoroughfares including East Chestnut Hill Road and Route 72. Zoned CN (Community Commercial), the site supports a wide range of uses and offers excellent development flexibility in a high-demand corridor with strong demographics and year-round activity from nearby university students and local residents.
Ideally situated just minutes from the University of Delaware campus, 906 S Chapel Street offers excellent visibility and accessibility in the heart of Newark. Located along a well-traveled corridor with convenient access to I-95 and Main Street, this property benefits from strong foot and vehicle traffic, nearby residential neighborhoods, and a dynamic mix of local businesses, retailers, and campus-driven demand.
1 Space Available
906 S Chapel Unknown Sub Type
Documents:
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