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227 N Jefferson St 7,920 SF 100% Leased Office Building New Castle, PA 16101 $300,000 ($37.88/SF) 25% Cap Rate
Investment Highlights
- Ample parking
Executive Summary
*ALL OFFERS WILL BE CONSIDERED* Downtown (CBD) New Castle - Nearly 8,000 SF. of Commercial/Class B Office Space Zoned C-2 - 3 Suites 1800, 2200, and 4000 SQFT. Separate utilities and entrances, and ample Parking. This Well Built, Brick Storeroom has been converted to professional/medical offices for 1, 2 or more tenants. Sits right in the heart of New Castle on a well trafficked street. With the parking lot located on the side and behind provides ample parking spots for customers or employees. Owner is willing to do a Lease Option Purchase. Any reasonable offers will be presented.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
7,920 SF
Building Class
C
Year Built
1976
Price
$300,000
Price Per SF
$37.88
Cap Rate
25%
NOI
$75,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,920 SF
Building FAR
0.36
Lot Size
0.51 AC
Opportunity Zone
Yes
Zoning
C-2 - C-2
Parking
15 Spaces (3 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 01-042700 | Improvements Assessment | $246,000 |
| Land Assessment | $66,400 | Total Assessment | $312,400 |
Property Taxes
Parcel Number
01-042700
Land Assessment
$66,400
Improvements Assessment
$246,000
Total Assessment
$312,400
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227 N Jefferson St
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