Business/Retail/Warehouse Property for Sale 3031 New Castle Ave
66,431 SF Retail Building New Castle, DE 19720 $6,000,000 ($90/SF)
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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
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
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PROPERTY TAXES
Parcel Number | 10-010.40-029 | Improvements Assessment | $969,600 |
Land Assessment | $454,400 | Total Assessment | $1,424,000 |