New Castle Office/Retail Portfolio — Sale in New Castle, PA

  • Price: $1.5M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New Castle, PA 16101
  • Size: 58,912 SF
  • Year built: 1999

Investment Figures

Cap rate
9.63%
Price per square foot
$25
Price per unit
$78,947 across 19 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

KW Commercial is pleased to present two office/retail properties on Business 422 just outside of New Castle, PA. These multi-tenant properties feature medical, professional and service-oriented tenants, including the Veterans Administration. Nearly 50% occupied, these well-maintained assets have tremendous upside. 1429 New Butler has 11 units, with four offices on the second floor, seven retail/office spaces on the lower level, and a 9,000 SF garage that is largely unutilized. 1750 New Butler Road is anchored by the Department of Veterans Affairs, a vacant medical space, and 4 units on the lower level. KW Commercial is pleased to present two office/retail properties on Business 422 just outside of New Castle, PA. These multi-tenant properties feature medical, professional and service-oriented tenants, including the Veterans Administration. Nearly 50% occupied, these well-maintained assets have tremendous upside. 1429 New Butler has 11 units, with four offices on the second floor, seven retail/office spaces on the lower level, and a 9,000 SF garage that is largely unutilized. 1750 New Butler Road is anchored by the Department of Veterans Affairs, a vacant medical space, and 4 units on the lower level. Portfolio can not be broken up. Building SF: 58912 | Land Size: 5.0 Ac | Year Built: 1999 | Listing Type: FOR SALE

Market Context

This retail in New Castle, PA is listed for sale at $1,500,000 across 58,912 SF ($25/SF). It is offered at an approximate 9.6% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1999. It has been on the market for 71 days. Compare it against other retail listings for sale in New Castle, PA — view the full market.

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