Address
2150 New Castle Avenue, New Castle, DE
Price
$ 4,500,000
Property Attributes
- MLS#DENC2056986
- TypeCommercial
- CountyNEW CASTLE
- CityNew Castle
- AreaNew Castle-Red Lion-Del.City
- Zip19720
- StyleHealth Club
- Year Built1987
- Taxes$ 17709
- Price$ 4,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage23770
- Lot Size1.58 Acres
Data Source:
Bright MLS
Property Description
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.
| Price History | |
|---|---|
| 2/28/2024 | Listed $4,500,000 |
General Features
| 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 | No |
| 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 | No |
| Status | ACTIVE |
| Directions | On New Castle Ave |
| ModificationTimestamp | 2024-05-09T20:02:39 |
| City | NEW CASTLE |
| Buyer Agent Compensation | 2.8 |
| MLS Area | New Castle/Red Lion/Del.City (30904) |
| Lot Size Square Feet | 68825.00 |
| Tax Assessed Value | 558600.0 |
| Waterfront Y/N | No |
| Street Name | NEW CASTLE |
| Tax Annual Amount | 17709.0 |
| Price Per Sq Ft | 189.31 |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| 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 |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 67 |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| 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 | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 67 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19720
Price
Taxes
Visits
Year Built
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