3031 New Castle Ave New Castle, DE 19720-2215
This exceptional 67,723-square-foot retail property, located at 3031 New Castle Avenue in New Castle, Delaware (zip code 19720), presents a unique investment opportunity. Built in 1959 and situated on a substantial 6.99-acre lot, the property currently operates as a thriving family entertainment center featuring 62 bowling lanes, a sports bar, restaurant, arcade, Dunkin' Donuts, and a Hershey's Ice Cream Parlor. The CR zoning allows for a multitude of uses, including retail, warehouse, healthcare, municipal, or educational facilities. The expansive parking area offers ample space for customers and employees, with the potential to develop at least one outparcel pad. Its strategic location near the I-295 interchange provides convenient access to a high volume of traffic, exceeding 100,000 vehicles per day, making it ideal for retail, food service, and warehouse distribution businesses. The asking price for this significant property is $6,000,000. This presents a rare chance to acquire a well-established business or to redevelop a prime piece of real estate in a high-traffic location. The property's size and zoning flexibility offer considerable upside potential for a savvy investor.
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KidZone Arcades and Party Rooms Arcade & Gaming Center Family Recreation Center
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Bowlerama Bowling Alley
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Dunkin' Cafe & Coffee Shop
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Double Up Pro Shop (Bike/Boat/Book/etc) Store
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Keglers Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CR · New Castle, DENew Castle. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.