Multifamily Conversion Opportunity
Market Price
320 East Lincoln Avenue & 316 - 318 Rhodes Place, New Castle, PA 16101
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 02/17/2025
60,000 sqft
Building Size
2.91 acres
Lot Area
Details:
Building Size: 60,000 sqft
Lot Area: 2.91 acres
Occupancy: 8.5%
Units: 83
Highlights:
- - Financially distressed property
- - Over 60,000 SF spread across three buildings
- - Must sell scenario
- - Beauitful Grounds
- - Ample Parking
- - Prime location
Description:
A tremendous value-add opportunity for a multi-family conversion directly behind the New Castle High School. This portfolio consists of three buildings on two parcels: a 71-bed personal care, 4-unit mansion, and 12-unit partially occupied apartment building. This financially distressed opportunity is under a wrap mortgage and must be sold in one transaction.
The subject sites are directly acrosse from New Castle High School and located on cross streets East Licolnn Ave and Rhodes Place in New Castle.
Documents:
| Title | ||
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| Portfolio_2.14.24.pdf |
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Location
