2150 New Castle Ave - Health Club FOR SALE


New Castle, DE 19720
$4,500,000 USD
302-241-0899
2150 New Castle Ave, New Castle, DE for Sale
$4,500,000 USD
Health Club - FOR SALE
1/9
null | 9.65% Cap Rate

2150 New Castle Ave
New Castle, DE 19720


HIGHLIGHTS

  • 127,541 ADT on I-295. One of the busiest roads in the state. Last exit before DE Memorial Bridge and NJ.
  • Potential 9.65 CAP on a Sale/Leaseback. Turn-key operation.
  • Prime development location with outstanding transportation access.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

9.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

CR

APN/PARCEL ID

10-015.00-002

ASK ABOUT THIS PROPERTY

Jeff SpiegelmanCommercial Moving Experience Real EstateMore Info
302-241-0899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jeff SpiegelmanCommercial Moving Experience Real EstateMore Info
302-241-0899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.