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304 E North St
New Castle, PA 16101

Former Banquet Center · Office Property For Sale

Investment Highlights

  • Scenic setting in the heart of the city with all access to business services

Executive Summary

Perfect location for an expansion of a university or educational institution. Good bones and large open plan for renovation and customizing to meet the needs of the purchase. Along a lovely tree lined creek with walking path and sidewalk. This perfect affordable location for the first two years of education that would lead someone to a main campus at a distant main. Day students could attend from North East Ohio, North Allegheny County, Butler and Mercer County. located less than 20 minutes from four entrance ramps of four major highways. Route 80, 79,376 and Route 76 the PA turnpike. Also with 2 direct shots into OHIO within 20 minutes on 422 west and 224 both easily accessible. This is an opportunity which would be an excellent choice for a campus with an aesthetically appealing environment to anchor the students to a small town affordable village with excellent high speed internet accesses. The appeal is that it is nestled in the Pennsylvania Woodlands along the gorgeous Neshannock Creek but in a reviving city only a few minutes from farms and fields. The wise institute of higher learning would be remiss not to consider this opportunity increase their numbers. Taxes will be appealed in December 2022.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
50,000 SF
Building Class
C
Year Built
1953
Price
$703,954 CAD
Price Per SF
$14 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
20,000 SF
Building FAR
0.27
Lot Size
4.30 AC
Opportunity Zone
Yes
Zoning
C-1 and C-2 - This well built building situated along the Neshannock Creek level and will offer multi uses. A college satellite, office complex, motel, would work.
Parking
250 Spaces (5 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-278400
  • 02-188900
  • 02-150600
Land Assessment
$456,916 CAD
Improvements Assessment
$722,781 CAD
Total Assessment
$1,179,697 CAD
  • Listing ID: 21730744

  • Date on Market: 2020-12-12

  • Last Updated:

  • Address: 304 E North St, New Castle, PA 16101

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