3126 Wilmington RdNew Castle, PA 16105

Property Details for 3126 Wilmington Rd

Lot size

3.02 AC

Property size (Sq ft)

4,259 SF

Zone code

C2

Property type

Office buildings

APN

25-228901

APU

25228901

Description

This exceptional Class A medical office building, situated on a 3.02-acre lot in New Castle, Pennsylvania, presents a unique investment or leasing opportunity. Built in 1990 and boasting 11,500 square feet of space, the entire building is currently vacant and ready for immediate occupancy. The property is zoned C2 and features a single-tenant configuration, ideal for a large medical practice or a group of healthcare professionals seeking a collaborative space. The building's layout includes five spacious exam rooms and two operatories, making it suitable for a variety of medical specialties. The turnkey nature of the property eliminates the need for extensive renovations, allowing for a quick and efficient transition into practice. Ample parking is available on-site, ensuring convenience for both patients and staff. The property's strategic location at 3126 Wilmington Rd, New Castle, PA 16105 offers excellent visibility and accessibility. This presents a rare chance to acquire a fully equipped, meticulously maintained medical facility, providing a strong foundation for long-term growth and success. The property is available for both purchase and lease, offering flexibility to suit diverse business needs and financial strategies. Interested parties can explore both ownership, securing a valuable long-term asset with potential for appreciation, or leasing, allowing immediate access to a fully functional space without significant upfront capital investment.

• CAP approach

  CAP return

  Valuation

  6%

  $809,964

  6.5%

  $747,659

  7%

  $694,255

• Comparable approach

  Method

  Valuation

  Relative Method

  $398,387

  Geo Method

  $398,387

• Alternative Use

  Use

  Valuation

  Residential

  $927,098

  Hospitality

  $849,216

  Educational

  $706,538

  Medical

  $730,837

  Retail

  $1,099,059

Location Insight

City

New Castle

County

Lawrence

State

Pennsylvania

Latitude

41.0489

Longitude

-80.3546

CBSA code

35260

CBSA name

NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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