3120 Wilmington RdNew Castle, PA 16105
- Office properties
- 5,095 SF
Property Details for 3120 Wilmington Rd
- Lot size
- 1.32 AC
- Property size (Sq ft)
- 5,095 SF
- Zone code
- C2
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 25-433100
- APU
- 25433100
Description
This exceptional 2,100 square foot office space in New Castle, Pennsylvania, presents a unique leasing opportunity. Located at 3120 Wilmington Rd, 16105, this single-story, 2009-built Class B building offers a versatile open-concept layout, perfect for various uses including traditional office, medical office, or creative office space. Previously used as a physical therapy center, the property benefits from excellent visibility and street-side signage potential. The building is part of a larger two-building parcel, with the main building fully leased to UPMC Orthopedics, ensuring a thriving and established medical hub environment. The lease includes all utilities, insurance, and taxes, offering a cost-effective solution for businesses. The asking rent is a competitive $10 per square foot, or $1,750 per month. This prime location offers significant advantages for businesses seeking high visibility and a convenient location within a busy medical complex. The property is readily adaptable to a variety of business needs, making it an ideal choice for entrepreneurs and established companies alike. Don't miss this chance to secure this exceptional space in a high-traffic area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $968,952
- 6.5%
- $894,418
- 7%
- $830,531
-
Comparable approach
- Method
- Valuation
- Relative Method
- $476,586
- Geo Method
- $476,586
-
Alternative Use
- Use
- Valuation
- Residential
- $1,109,078
- Hospitality
- $1,015,909
- Educational
- $845,225
- Medical
- $874,293
- Retail
- $1,314,794
Location Insight
- City
- New Castle
- County
- Lawrence
- State
- Pennsylvania
- Latitude
- 41.0483
- Longitude
- -80.3561
- CBSA code
- 35260
- CBSA name
- NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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