3120 Wilmington RdNew Castle, PA 16105

  • Office properties
  • 5,095 SF
For Lease
$10/SF/YR View listing

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
3120 Wilmington Rd, New Castle, Pennsylvania

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

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
$22,270
$258,000
$480,900
$738,900
-
$258,000
$480,900
$738,900

FAQs

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