2526 Wilmington RdNew Castle, PA 16105

Property Details for 2526 Wilmington Rd

Lot size

0.72 AC

Property size (Sq ft)

5,012 SF

Zone code

R/3

Property type

Office buildings

APN

25-178800

APU

25178800

Description

This exceptional Class A commercial property, located at 2526 Wilmington Rd, New Castle, PA 16105, presents a unique investment opportunity. Built in 2009 and renovated in 2016, this single-story, 5,102 square foot building sits on a 0.72-acre lot and is zoned C-2. The property features a spacious reception area, six exam rooms, two private offices, a break room, utility room, x-ray and imaging rooms, and is equipped with commercial-grade tile and vinyl flooring. The building boasts a substantial 45-space paved parking lot, ensuring ample parking for tenants and visitors. A large, illuminated sign on Wilmington Road provides excellent visibility for the property. The building is equipped with a natural gas forced air furnace and central air conditioning, ensuring year-round climate control. The property is currently leased on a month-to-month basis to a single tenant, offering immediate occupancy within 30 days. This well-constructed building is known for its low maintenance and high-quality construction. The property's previous use as an MRI medical facility highlights its suitability for medical or office uses. This is a rare opportunity to acquire a prime commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $953,168

  6.5%

  $879,847

  7%

  $817,001

• Comparable approach

  Method

  Valuation

  Relative Method

  $468,822

  Geo Method

  $468,822

• Alternative Use

  Use

  Valuation

  Residential

  $1,091,010

  Hospitality

  $999,360

  Educational

  $831,456

  Medical

  $860,051

  Retail

  $1,293,375

Location Insight

City

New Castle

County

Lawrence

State

Pennsylvania

Latitude

41.0313

Longitude

-80.354

CBSA code

35260

CBSA name

NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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