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Portfolio of 2 Commerical Assets 2 Office Properties Offered at $1,500,000 in New Castle, PA
Investment Highlights
- Strong income with excellent upside
- Approximately 4 miles from I-79
- High visibility on 422
Executive Summary
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.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $1,500,000 | Status | Active |
| Price / SF | $25.46 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 9.63% | Total Building Size | 58,912 SF |
| Sale Type | Investment | Total Land Area | 5.00 AC |
| Price | $1,500,000 |
| Price / SF | $25.46 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 9.63% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 58,912 SF |
| Total Land Area | 5.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Essex Place
1429 New Butler Rd, New Castle, PA 16101 |
Office | 39,712 SF | 1999 | - |
|
Ridgewood Professional Centre
1750 New Butler Rd, New Castle, PA 16101 |
Office | 19,200 SF | 1968 | - |
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Portfolio of 2 Commerical Assets
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