2602 Wilmington RdNew Castle, PA 16105

Property Details for 2602 Wilmington Rd

Lot size

0.77 AC

Property size (Sq ft)

6,052 SF

Zone code

C

Property type

Office properties

Property subtype

Office buildings

APN

25-223603

APU

25223603

Description

This exceptional medical office building, located at 2602 Wilmington Rd, New Castle, PA 16105, presents a unique investment opportunity. The property boasts a total building size of 35,000 square feet situated on a generous 2.96-acre lot. Currently, three separate, demised medical suites are available for purchase, offering flexibility for various medical practices. Each suite is a second-generation medical space, meaning it's ready for immediate occupancy with existing medical infrastructure in place. The minimum available space is 1,152 square feet, while the largest suite encompasses 3,686 square feet of net rentable area. The combined asking price for all three suites is $225,000. This presents a compelling opportunity for medical professionals seeking established space or investors looking for a strong return in a thriving market. The property's convenient location in Lawrence County, Pennsylvania, ensures easy access for patients and staff. This is a turnkey solution for expanding or establishing a medical practice in a well-established building. The property's size and layout offer significant potential for future growth and adaptation to evolving medical needs. Don't miss this chance to acquire a valuable asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,150,952

  6.5%

  $1,062,417

  7%

  $986,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $566,104

  Geo Method

  $566,104

• Alternative Use

  Use

  Valuation

  Residential

  $1,317,397

  Hospitality

  $1,206,729

  Educational

  $1,003,984

  Medical

  $1,038,513

  Retail

  $1,561,753

Location Insight

City

New Castle

County

Lawrence

State

Pennsylvania

Latitude

41.0328

Longitude

-80.3537

CBSA code

35260

CBSA name

NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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