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    3101 New Castle Ave New Castle, DE 19720

    For Sale
    $700,000

    Commercial property with redevelopment potential on New Castle Avenue.

    Lot size:
    0.11 Acres

    Property Features for 3101 New Castle Ave

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1956

    Source: Crown Homes Real Estate Agent Robert Hoesterey

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

    Overview

    New Castle Avenue Commercial Opportunity

    Located at 3101 New Castle Avenue in New Castle, Delaware, this commercial property presents a unique opportunity for investors or business owners. The property features approximately 1,890 square feet of interior space on a 0.11-acre lot. Zoned for mixed commercial use, it offers flexibility for various ventures, including retail, office space, or a creative workspace. The building requires rehabilitation and updating. Its location provides excellent exposure and easy access to major routes. The property is located in close proximity to surrounding residential and business districts.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Accounting Firm

    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
    -75.5497252
    Latitude
    39.7085013

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    FAQs

    What type of property is this?
    Storefront property - Commercial property with redevelopment potential on New Castle Avenue.
    Where is this storefront property located?
    The property is located at 3101 New Castle Ave New Castle, DE.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Prime location on high-visibility New Castle Avenue.; - Zoned for mixed commercial use, offering flexibility for various ventures.; - Approximately 1,890 square feet of interior space on a 0.11-acre lot.
    (302) 743-1063
    Request Owner's contact information
    3101 New Castle Ave New Castle, DE 19720
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    New Castle, DE 19720
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    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
    3101 New Castle Ave New Castle, DE 19720
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