DEPARTMENT OF ENVIRONMENTAL PROTECTION 121 N Mill St
6,000 SF Retail Building New Castle, PA 16101 $946,990 ($158/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- State of Pennsylvania – Department of Environmental Protection
- Prime Downtown Location – Strategically positioned near key amenities, including a Dunkin’ Donuts, the public library, and the police station.
- Established Presence – The tenant has maintained operations at this location for 28 years, underscoring its critical importance to their business.
- Triple Net Back-Up Lease – A safety-net lease has been secured, ensuring continued stability if the State of Pennsylvania vacates the premises.
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. RB068831 (PA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. RB068831 (PA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
C
Year Built
1970
Price
$946,990
Price Per SF
$158
Cap Rate
10%
NOI
$94,699
Tenancy
Single
Building Height
2 Stories
Building FAR
1.06
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
C-2 - Central Business District
Parking
9 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
31 FT on Mill St
AMENITIES
- Bus Line
- Tenant Controlled HVAC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Environmental Protection Department
- Public Administration
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Environmental Protection Department | Public Administration | - | - | - |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-044500 | Improvements Assessment | $183,900 |
| Land Assessment | $25,200 | Total Assessment | $209,100 |
