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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
Office
Building Size
16,522 SF
Building Class
B
Year Built
1990
Price
$1,990,982 CAD
Price Per SF
$121 CAD
Cap Rate
11.65%
NOI
$231,949 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-392301
  • 25-392302
  • 25-392300
Land Assessment
$379,949 CAD
Improvements Assessment
$976,692 CAD
Total Assessment
$1,356,640 CAD
  • Listing ID: 33935794

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 2599 Wilmington Rd, New Castle, PA 16105

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