2627 Ellwood RdNew Castle, PA 16101

  • Industrial properties
  • 13,720 SF
For Sale
$395,000 View listing

Property Details for 2627 Ellwood Rd

Lot size
5.63 AC
Property size (Sq ft)
13,720 SF
Zone code
R/2
Property type
Industrial properties
Property subtype
Other warehouses
APN
31-258400
APU
31258400

Description

This exceptional 6.5-acre commercial land parcel in New Castle, Pennsylvania, presents a unique development opportunity. Located at 2627 Ellwood Rd, and zoned C-1, this property offers significant potential for a variety of commercial uses. Its strategic location provides easy access to major transportation arteries, including the I-79 and I-376 corridors, as well as Route 422, ensuring high visibility and convenient access for businesses and customers. The property boasts ample space for the construction of retail centers, office complexes, or mixed-use developments. With 50 parking spaces already available, the site is well-suited for projects requiring significant parking capacity. The asking price is $395,000. The property's location across from a regional high school further enhances its appeal and potential for attracting a diverse clientele. This is a prime opportunity to acquire a substantial commercial land parcel in a thriving area with excellent access to major roadways and a strong local presence. The property's APN is 31-258400. This is a freehold ownership opportunity, with no lease options available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,986,565
    Hospitality
    $2,735,678
    Educational
    $2,276,052
    Medical
    $2,354,328
    Retail
    $3,540,525
2627 Ellwood Rd, New Castle, Pennsylvania

Location Insight

City
New Castle
County
Lawrence
State
Pennsylvania
Latitude
40.9673
Longitude
-80.3075
CBSA code
35260
CBSA name
NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,389
$162,700
-
$162,700
-
$162,700
-
$162,700

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