Pittsburgh Area Cascade Storage

500 S. Cascade Street, New Castle, PA

$549,000

Price

7,900 sqft

Building Size

1.2 acres

Lot Area

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Street
Map
Overview
Building Size
7,900 sqft
Lot Area
1.2 acres
Units
152
Description

SVN is pleased to offer For Sale Cascade Mini Storage located in New Castle, Pennsylvania in the Pittsburgh -Youngstown-Cleveland corridor. This portfolio is a value-add opportunity with existing storage and infrastructure plus some expansion room in an under-served market. The property is fenced with an electronic gate. Newcastle, Pennsylvania is a dynamic market that is part of the Pittsburgh Combined Statistical Area between Pittsburgh and Cleveland, just outside of Youngstown, Ohio. New Castle, PA is located only about 40 miles from the Pittsburgh International Airport and about 80 miles from Cleveland and only about 10 minutes from Youngstown, Ohio. The storage properties have high visibility and strong drive by traffic. The New Castle MSA has a population of approximately 85,000 people and these sites show only 3 SF of storage per person in the 3 mile radius.

The New Castle MSA has a population of about 85,000 and the largest industries are Health Care, Manufacturing, and Retail Trade with the highest paying industries are Utilities, Agriculture, Forestry, Fishing & Hunting, and Agriculture, Forestry, Fishing & Hunting, & Mining. New Castle is the county seat of Lawrence County which is about 45 minutes Northwest of Pittsburgh and 75 minutes Southeast of Cleveland, and just 10 minutes outside of Youngstown.

New Castle, PA is known both as the "Fireworks Capital of America". The fireworks designation is credited to two local fireworks companies of international stature, S.Vitale Pyrotechnic Industries, Inc. (Pyrotecnico) and Zambelli Internationale. These fireworks companies are featured in venues such as presidential celebrations and Super Bowls

The city is served by numerous highways, with Pennsylvania Route 18 and U.S. Route 422 being the major routes running through the city, while Interstate 376 passes to the west of the city. Two more major routes — Route 65 and U.S. Route 224 — terminate in the city. Route 108 and Route 168 and US 422 also run through the city. I-376 is tolled by the Pennsylvania Turnpike Commission. The city is located 12 miles west of Interstate 79, 14 miles south of Interstate 80, and 13 miles north of Interstate 76, the Pennsylvania Turnpike.

Highlights
  • 7,900 Existing plus some expansion room
  • 33,000 3 Mile Population Density
  • Only 3 SF of Storage Per Capita in the 3 Mile radius
Location
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