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2599 Wilmington Rd
New Castle, PA 16105
Office Property For Sale


INVESTMENT HIGHLIGHTS
- The building is currently tenant occupied producing a steady income stream.
- 36 private offices, conference rooms, break rooms, reception area.
- 2 story brick commercial building, 16522 sf.
EXECUTIVE SUMMARY
This 16,000-square-foot, two-story commercial building offers a versatile and functional layout, designed to accommodate a variety of business needs. The building includes 36 private offices, perfect for individual workspaces or team-based environments. These offices are distributed across both floors, maximizing the building's use of space. A spacious, welcoming reception area greets visitors as they enter. 3 Conference Rooms provide quiet and private meeting spaces for client presentations and team discussions. Break Rooms offer employees a comfortable area for lunch or informal meetings. The building includes a designated mechanical room. The upper and lower floor provides a professional layout for workflow efficiency. This building blends functionality with flexibility, providing a high-quality environment for businesses while generating income for the owner. The building is currently tenant-occupied, producing a steady income stream.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
16,522 SF
Building Class
B
Year Built
1990
Price
$1,927,646 CAD
Price Per SF
$116.67 CAD
Cap Rate
11.65%
NOI
$224,571 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,261 SF
Building FAR
0.16
Lot Size
2.34 AC
Zoning
R/3 - R/3 zoning is often designed for multi-family residential use, allowing for higher-density residential development compared to single-family zoning.
Parking
60 Spaces (3.63 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 25-392301 | Improvements Assessment | $976,027 CAD |
| Land Assessment | $361,962 CAD | Total Assessment | $1,337,989 CAD |
PROPERTY TAXES
Parcel Number
25-392301
Land Assessment
$361,962 CAD
Improvements Assessment
$976,027 CAD
Total Assessment
$1,337,989 CAD
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