For Sale
$675,000

2526 Wilmington RdNew Castle, PA 16105

High-Yield Investment, New Castle, PA

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5,100 square foot Class A office building, located at 2526 Wilmington Rd, New Castle, PA 16105, presents a compelling investment opportunity. The single-story, 2009-built structure, renovated in 2018, sits on a 0.72-acre lot (125 x 315 ft) and features a maintenance-free brick exterior. Currently 100% occupied since September 1, 2023, by a credit-rated medical tenant under an absolute NNN lease, this property generates a strong NOI of $69,999, resulting in a 10.37% cap rate. The interior boasts a reception area, six exam rooms, two offices, a break room, utility room, and dedicated spaces for X-ray, imaging, mammography, ultrasound, and CAT scan. Additional features include a large waiting room, a physician's office suitable for two physicians, a large illuminated sign, and ample parking for 28 vehicles. The property is zoned C-2 and offers a price per square foot of $132.35 and a total asking price of $675,000. This turnkey investment is ideal for owner-operators seeking a stable, high-return asset in a desirable location. All information is deemed reliable but not guaranteed.

Highlights

  • 5,100 SF Class A office building on 0.72-acre lot in New Castle, PA.
  • Single-story, 2009 construction, renovated in 2018, with maintenance-free brick exterior.
  • 100% occupied by credit-rated medical tenant under an absolute NNN lease since September 1, 2023.
  • Strong NOI of $69,999, resulting in a 10.37% cap rate; asking price $675,000 ($132.35/SF).
  • Features include ample parking (28 spaces), large waiting room, six exam rooms, and medical equipment spaces (X-ray, imaging, mammography, ultrasound, CAT scan).

Property Details for 2526 Wilmington Rd

Property type
Office properties, Medical offices
Square Feet
5,100 SF
Class
A
Year Renovated
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
31,363 SF
Units
1

Location Insight

City
New Castle
County
Lawrence
State
Pennsylvania
Latitude
41.0312332
Longitude
-80.3538978
2526 Wilmington Rd, New Castle, Pennsylvania

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2526 Wilmington Rd
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