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2305 Wilmington Rd

6,190 SF 100% Leased Retail Building New Castle, PA 16105 $1,500,000 ($242/SF)

Executive Summary

This exceptional property, located in Neshannock Township, Lawrence County, PA, presents a unique and diverse investment opportunity.
The restaurant area spans two levels: the upper level features a fully equipped kitchen, two bathrooms, a main dining area, and a bar area, while the lower level includes an additional kitchen, two bathrooms, a main banquet hall, and a secondary banquet hall. Complementing the restaurant is an office strip comprising four office spaces, all of which are currently rented, providing a steady rental income. Additionally, two fully rented residential properties are available for purchase, further enhancing income streams.
The prime location ensures easy access to local amenities and a strong customer base, making this property a highly attractive investment. Key highlights of this opportunity include:
Diverse income streams from the restaurant and office rentals
An established restaurant with a loyal clientele
Four fully rented office spaces and 2 residential spaces ensuring immediate rental income
This property is an ideal investment for those seeking a stable and lucrative addition to their portfolio.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,190 SF
Building Class
C
Year Built
1991
Price
$1,500,000
Price Per SF
$242
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.07 AC
Zoning
C1
Parking
100 Spaces (16.16 Spaces per 1,000 SF Leased)
Frontage
91 FT on Meyer Ave

Amenities

  • Bus Line
  • Pylon Sign
  • Restaurant
  • Security System
  • Signage
  • Accent Lighting
  • Air Conditioning

Nearby Major Retailers

Grocery Outlet
Huntington National Bank
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-118600
Land Assessment
$279,700
Improvements Assessment
$523,300
Total Assessment
$803,000
  • Listing ID: 32638063

  • Date on Market: 7/31/2024

  • Last Updated:

  • Address: 2305 Wilmington Rd, New Castle, PA 16105

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