Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3031 New Castle Ave New Castle, DE 19720

    For Sale
    $6,000,000

    Established entertainment center on 6.99 acres with redevelopment potential.

    Property size:
    67,723 SF
    Lot size:
    6.99 Acres

    Property Features for 3031 New Castle Ave

    General Information

    Size
    67,723 SF
    Lot size
    6.99 Acres

    Source: LMT Commercial Realty / CORFAC International Agent Jim Tancredi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Entertainment Center with Redevelopment Potential

    Established in 1959, this entertainment center is located on New Castle Avenue. The one-story building has a size of 67,723 square feet and sits on 6.99 acres. It features 62 bowling lanes, Keglers Sports Bar, Spare Rib Express Restaurant, KidsZone Arcade & Redemption Area, Dunkin' Donuts, and a Hershey's Ice Cream Parlor. While currently operating as a family entertainment center, the property offers redevelopment potential for retail, warehouse, healthcare, other office, municipal, or educational institution use. The parking area along New Castle Avenue can accommodate at least one outparcel pad. The property's proximity to the I-295 interchange provides convenient access to over 100,000 vehicles per day, making it suitable for retail, food consumers, and warehouse distribution.
    Insight Report Location Intelligence

    Current Use by Public Records

    KidZone Arcades and Party ... Amusement Center Bowlerama Bowling Alley Dunkin' Coffee Shop Double Up Pro ... Sporting Goods Store Keglers Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.552851
    Latitude
    39.7022521

    Nearby Similar for Sale

    • $16,840,000
      70,395 SF

      Institutional-Quality Storage Facility For Sale

      Public Storage-managed facility with high occupancy and strong growth potential.
      4093 New Castle Ave, New Castle, DE 19720
      View Details
    • Contact for pricing

      Corporate Campus in New Castle

      Corporate campus with renovated lobby and convenient highway access.
      10 Corporate Cir, New Castle, DE 19720
      View Details
    • $700,000

      New Castle Avenue Commercial Opportunity

      Commercial property with redevelopment potential on New Castle Avenue.
      3101 New Castle Ave, New Castle, DE 19720
      View Details
    • Contact for pricing
      76,139 SF

      Versatile Flex Buildings For Sale

      Two flex buildings on 11.9 acres in New Castle, DE.
      31 Reads Way, New Castle, DE 19720
      View Details
    • $365,000

      Duplex with Dual Living Spaces

      Versatile home ideal for investment or multi-generational living.
      168 Edge Ave, New Castle, DE 19720
      View Details
    • $2,100,000
      21,023 SF

      Automotive Property with Service Area

      Automotive property featuring service areas and ample parking.
      421-423 W 7Th St, New Castle, DE 19720
      View Details

    FAQs

    What type of property is this?
    Bowling alley - Established entertainment center on 6.99 acres with redevelopment potential.
    Where is this bowling alley located?
    The property is located at 3031 New Castle Ave New Castle, DE.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - High redevelopment potential for retail, warehouse, healthcare, office, municipal, or educational institution use.; - Established entertainment center with diverse revenue streams (bowling, bar, restaurant, arcade, Dunkin' Donuts, ice cream).; - Large 67,723 SF building on 6.99 acres.
    (302) 222-7574
    Request Owner's contact information
    3031 New Castle Ave New Castle, DE 19720
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3031 New Castle Ave
    New Castle, DE 19720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3031 New Castle Ave New Castle, DE 19720
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.