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2305 Wilmington Rd 14,239 SF 100% Leased Retail Building New Castle, PA 16105 $1,150,000 ($80.76/SF)
Investment Highlights
- High-visibility position along Route 18 with traffic counts exceeding 16,600 vehicles per day.
- Immediate proximity to regional retail hubs, Downtown New Castle, and I-376 connectivity.
- Substantial on-site paved parking complemented by accessible ingress and egress points.
- Fully leased two-building configuration delivering stabilized income and growth potential.
- Zoned C-1 Limited Commercial District with all municipal utilities in place.
- Bonus includes two leased residential parcels under common ownership.
Executive Summary
Located in the heart of Neshannock Township's Commercial District this site offers a unique opportunity for both seasoned investors & those seeking a diverse income-generating asset. With high visibility & convenient access along the major thoroughfare this location benefits from consistent daily traffic & a loyal customer base. Over 14,000 sq ft spread across 2 distinct buildings, both fully occupied, on more than 1 acre of land. The centerpiece is a two-story full-service restaurant & banquet facility totaling 8,882 sq ft. Featuring 2 separate dining areas each with its own kitchen, entrances & exits this versatile space has been home to the successful Chuck Tanner’s Restaurant since 1990. Whether you're looking to continue the tradition or re-imagine the space this site offers opportunity to accommodate various dining concepts & events. The property also includes a fully-occupied one-story 5,357 sq ft office building. This multi-tenant office space features 7 units all fully occupied w/ separate utilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
14,239 SF
Building Class
C
Year Built
1990
Price
$1,150,000
Price Per SF
$80.76
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
1.07 AC
Zoning
C1 - generally permits small-scale retail, services, and offices that cater to nearby residential areas
Parking
100 Spaces (16.16 Spaces per 1,000 SF Leased)
Frontage
91’ on Meyer Ave
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Security System
- Signage
- Accent Lighting
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-118600 | Improvements Assessment | $523,300 |
| Land Assessment | $279,700 | Total Assessment | $803,000 |
Property Taxes
Parcel Number
25-118600
Land Assessment
$279,700
Improvements Assessment
$523,300
Total Assessment
$803,000
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2305 Wilmington Rd
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