2501 Wilmington RdNew Castle, PA 16105

Property Details for 2501 Wilmington Rd

Lot size

7.35 AC

Property size (Sq ft)

71,355 SF

Zone code

R/3

Property type

Office properties

Property subtype

Office buildings

APN

25-229500

APU

25229500

Description

This exceptional executive office property, the Liberty Mutual Building, presents a unique leasing opportunity in New Castle, Pennsylvania. Located at 2501 Wilmington Road, this impressive complex comprises two buildings, each three stories high, offering a total of 79,862 square feet of vacant, single-tenant office space. The property underwent extensive renovations in 2019, ensuring modern and efficient workspaces. The expansive 7.35-acre lot provides ample space and parking, with a total of 600 parking spaces available for tenants and their guests. The building is ideally suited for a single large tenant seeking a prestigious and well-maintained office environment. Situated in Lawrence County, the property benefits from convenient access to major transportation routes, making it an attractive location for businesses seeking a strategic presence in the region. The entire 79,862 square feet is available for lease, offering a rare opportunity to secure a significant footprint in a desirable location. The property's modern amenities and ample parking make it an ideal choice for companies seeking a high-quality office space. This is a single-tenant occupancy property. The zip code is 16105.

• CAP approach

  CAP return

  Valuation

  6%

  $13,570,089

  6.5%

  $12,526,236

  7%

  $11,631,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,674,546

  Geo Method

  $6,674,546

• Alternative Use

  Use

  Valuation

  Residential

  $15,532,533

  Hospitality

  $14,227,717

  Educational

  $11,837,293

  Medical

  $12,244,396

  Retail

  $18,413,568

Location Insight

City

New Castle

County

Lawrence

State

Pennsylvania

Latitude

41.0293

Longitude

-80.3559

CBSA code

35260

CBSA name

NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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