3120 Wilmington RdNew Castle, PA 16105

Property Details for 3120 Wilmington Rd

Lot size

1.32 AC

Property size (Sq ft)

5,095 SF

Zone code

C2

Property type

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.

• 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

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