2599 Wilmington Rd | New Castle, PA 16105
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2599 Wilmington Rd
New Castle, PA 16105
Office Property For Sale
Investment Highlights
- The building is currently tenant occupied producing a steady income stream.
- 36 private offices, conference rooms, break rooms, reception area.
- 2 story brick commercial building, 16522 sf.
Executive Summary
This 16,000-square-foot, two-story commercial building offers a versatile and functional layout, designed to accommodate a variety of business needs. The building includes 36 private offices, perfect for individual workspaces or team-based environments. These offices are distributed across both floors, maximizing the building's use of space. A spacious, welcoming reception area greets visitors as they enter. 3 Conference Rooms provide quiet and private meeting spaces for client presentations and team discussions. Break Rooms offer employees a comfortable area for lunch or informal meetings. The building includes a designated mechanical room. The upper and lower floor provides a professional layout for workflow efficiency. This building blends functionality with flexibility, providing a high-quality environment for businesses while generating income for the owner. The building is currently tenant-occupied, producing a steady income stream.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
16,522 SF
Building Class
B
Year Built
1990
Price
£1,108,911
Price Per SF
£67
Net Initial Yield
11.65%
NOI
£129,188
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
8,261 SF
Building FAR
0.16
Lot Size
2.34 AC
Zoning
R/3 - R/3 zoning is often designed for multi-family residential use, allowing for higher-density residential development compared to single-family zoning.
Parking
60 Spaces (3.63 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £553,822 | |
Land Assessment | £215,446 | Total Assessment | £769,267 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£215,446
Improvements Assessment
£553,822
Total Assessment
£769,267
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