request_info_guest false

DEP Building

$650,000

121 North Mill Street, New Castle, PA 16101

Active
Last Updated: 01/27/2023

12

Cap Rate

97,158

NOI

Details:
Cap Rate:    12%
NOI:    $97,158
Building Size:    6,000 sqft
Lot Area:    0.13 acres
Occupancy:    100%
Units:    1
Year Built:    1960
Zoning:    C1
Floors:    2
Parking Spots:    7
Roof:    Rubber
CeilingHeight:    9
Heating:    Natural Gas
Cooling:    Electric
Description:

KW Commercial is pleased to present this fully leased office building in the heart of New Castle, PA, which is also in a Federal Opportunity Zone. There is a long term lease in place with the Pennsylvania Department of Environmental Protection, which has been at this location since 1998.  They just excersized a 5 year renewal in 2020 and there are three more five-renewal options available.  Lease includes annual base rent escalations plus additional rent to cover utility costs. 


New Castle is the County seat of Lawrence County in Western Pennsylvania.  It is situated along major transporation corridors, with immediate access to I-79 and I-376 with close proximity to Ohio to the West and New York to the North.


Free Standing Building

High Credit, long term tenant

Map:
Location
Gallery