2400 Wilmington RdNew Castle, PA 16105

Property Details for 2400 Wilmington Rd

Lot size

0.70 AC

Property size (Sq ft)

8,328 SF

Zone code

R/3

Property type

Retail properties

Property subtype

Retail space

APN

25-372900

APU

25372900

Description

This exceptional 8,400-square-foot commercial property, located at 2400 Wilmington Road in New Castle, Pennsylvania, presents a unique leasing opportunity. Situated at the high-traffic intersection of Wilmington Road (Route 18) and Hazelcroft Avenue, this single-tenant space offers unparalleled visibility and accessibility. Previously occupied by a Dollar General, the building boasts significant frontage: 147.59 feet along Wilmington Road and 206.75 feet along Hazelcroft Avenue. The property sits on a 0.668-acre lot and is zoned for Highway Commercial use, making it ideal for a variety of retail or office businesses. The entire 8,400 square feet is currently vacant and ready for immediate occupancy. Its convenient location offers easy access to a major retail corridor, placing it less than a mile from both the local hospital and the downtown area. The property also features ample signage opportunities on Wilmington Road, ensuring maximum brand exposure. This is an exceptional opportunity to establish a strong presence in a thriving commercial area. The property is classified as Retail, Office, and Special Purpose, offering flexibility for various business types. Interested parties should inquire promptly to secure this prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,328,179

  6.5%

  $2,149,088

  7%

  $1,995,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,963,083

  Geo Method

  $1,963,083

• Alternative Use

  Use

  Valuation

  Residential

  $1,812,836

  Hospitality

  $1,660,548

  Educational

  $1,381,557

  Medical

  $1,429,070

  Retail

  $2,149,088

Location Insight

City

New Castle

County

Lawrence

State

Pennsylvania

Latitude

41.0249

Longitude

-80.3534

CBSA code

35260

CBSA name

NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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