Business/Retail/Warehouse Property for Sale 3031 New Castle Ave

66,431 SF Retail Building New Castle, DE 19720 $6,000,000 ($90/SF)

INVESTMENT HIGHLIGHTS

  • Sale Price: $6,000,000
  • 6.99 +/- Acres
  • Potential for Outparcel Pads
  • 67,723 +/- SF Building (From Alta Survey)
  • Ample Parking
  • Zoned CR

EXECUTIVE SUMMARY

Established in 1959, Bowlerama is a very popular entertainment center on New Castle Avenue. The 67,723 +/- SF one-floor building sits on 6.99 +/- Acres and has 62 lanes for bowling, Keglers Sports Bar, Spare Rib Express Restaurant, KidsZone Arcade & Redemption Area, Dunkin' Donuts, Hershey's Ice Cream Parlor. Purchase as a family entertainment center or the potential exists for redevelopment of the property with a retail, warehouse, healthcare, municipal, or educational institution use. Plenty of land area in the parking field along New Castle Avenue, to accommodate at least one outparcel pad. The property’s close proximity to the I-295 interchange makes it convenient to over 100,000 +/- VPD for retail/food consumers and warehouse distribution.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
66,431 SF
Building Class
B
Year Built/Renovated
1959/2017
Price
$6,000,000
Price Per SF
$90
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
7.00 AC
Zoning
CR - Zoned CR
Parking
490 Spaces (7.24 Spaces per 1,000 SF Leased)
Frontage
467 FT on New Castle Ave

AMENITIES

  • Pylon Sign

NEARBY MAJOR RETAILERS

IGA
Starbucks

PROPERTY TAXES

  • Listing ID: 31344122

  • Date on Market: 5/7/2021

  • Last Updated:

  • Address: 3031 New Castle Ave, New Castle, DE 19720