2150 New Castle Avenue New Castle, DE ^$ 4,500,000

2150 New Castle Avenue

^$ 4,500,000

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2150 New Castle Avenue

New Castle, DE, 19720

^$ 4,500,000

Studio Baths0.0 Sq 23,770

Monthly Estimate*

^$ 31,434

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2150 New Castle Avenue, New Castle, DE 19720 - Image 3

2150 New Castle Avenue, New Castle, DE 19720 - Image 4

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2150 New Castle Avenue, New Castle, DE 19720 - Image 7

2150 New Castle Avenue, New Castle, DE 19720 - Image 8

2150 New Castle Avenue, New Castle, DE 19720 - Image 9

2150 New Castle Avenue, New Castle, DE 19720 - Image 10

2150 New Castle Avenue, New Castle, DE 19720 - Image 11

2150 New Castle Avenue, New Castle, DE 19720 - Image 12

2150 New Castle Avenue, New Castle, DE 19720 - Image 13

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Studio

Commercial Property for sale in New Castle, DE

for $4,500,000. This 23,770 square foot building was built in 1987 on a lot size of 1.58.

Introducing an incredible investment opportunity at NEW CASTLE FITNESS CENTER, located at 2150 NEW CASTLE AVE, NEW CASTLE, DE 19720. This property offers a 1.58-acre lot with a 25,770 sqft facility featuring pools, a hot tub, sauna, steam room, fitness areas, and more. With a proposed NOI of $435,100, this turn-key business presents a lucrative option for investors or developers. Situated strategically near major national chains like Starbucks and Courtyard by Marriott, the property boasts exceptional transportation access and high visibility on one of Delaware's busiest roads. Recent renovations have enhanced the premises, allowing for the potential separation of the fitness and swim businesses. Additionally, the property benefits from proximity to key transport hubs like I-95, ILG Airport, NJ Turnpike, and rail connections, making it a prime location for business growth. Don't miss the chance to own this income-producing asset with substantial upside potential in a highly desirable location.

Commercial Active

Price

^$ 4,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 17,709

Style

Health Club

Lot Size

1.58

Year Built

1987

Town/City

New Castle

County/Region

New Castle

MLS | Web ID

DENC2056986

Features

Interior

Heating Fuel Natural Gas

Hot Water Natural Gas

Heating Y/N Y

Street Suffix AVENUE

Central Air Y/N Y

General

Sewer Public Sewer

Heating Central

Cooling Central A/C

Possession Negotiable

Zoning CR

Construction Materials Mixed

Year Built 1987

Property SubType Sports and Entertainment

Tax Year 2022

Percent Ownership Fee Simple

Cool Fuel Electric

Business Type Health Club

Accessibility Other

County NEW CASTLE

New Construction N

Property Type Commercial Sale

Possible Use Apartment Building Apartments Automotive Bar/Tavern/Lounge Bed & Breakfast Commercial Convenience Store Day Care Development Distribution Drive-Thru Financial Florist/Nursery Food & Beverage Food Mar

Water Access Y/N N

Status ACTIVE

Directions On New Castle Ave

City NEW CASTLE

Buyer Agent Compensation 2.8

Total Units 0

MLS Area New Castle/Red Lion/Del.City (30904)

Lot Size Square Feet 68825.00

Waterfront Y/N N

Street Name NEW CASTLE

Tax Annual Amount 17709.0

Price Per Sq Ft 189.31

Lease Considered Y/N N

Vacation Rental Y/N N

Days on Market 72

Standard Status Active

Year Built Source Estimated

Legal Subdivision WILM SWIM SCHOOL

Tax Lot 002

Cap Rate 9.65

Buyer Agent Compensation Type % Of Gross

Exterior

Water Source Public

Type of Parking Parking Lot

Water View Y/N N

Building Area Total 23770.00

Lot Dimensions 0.00 x 0.00

Lot Size Acres 1.58

Lot Size Units Square Feet

Lot Size Source Assessor

Land Assessed Value 158000.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 2150

* Excluded Features

List By

jeff@themovingexperiencede.com

Affordability Calculator

$32,910

Per Month

Monthly Principal & Interest: $31,434
Monthly Property Taxes: $1,476
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in New Castle, DE

Average List Price ^$2,196,429

Percent of Sale Price 51%

About New Castle, DE

4,952 Population

-5% Since 2002

^$57,997 Median Income

44.91 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/28/2024	$4,500,000		Listed Price

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2150 New Castle Avenue, New Castle, DE, 19720 is a Commercial Property for sale at $4,500,000 with 23,770 sqft and a lot size of 1.58. 2150 New Castle Avenue is a studio with 0.0 baths and was built in 1987. The property's zip code is 19720 which is in New Castle, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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2150 New Castle Avenue

Commercial Property for sale in New Castle, DE

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