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27 E Mercer St
New Castle, PA 16101
New Castle News · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Historic Architecture: Built in 1923, Italian Renaissance style with original marble staircase, counters, walls, and ornate brass chandelier.
- Staff facilities including full kitchen and dining area
- End Grain wood flooring
- Expansive parking lot (50 spaces)
EXECUTIVE SUMMARY
Step into a rare piece of New Castle history with this iconic commercial building, located in the heart of the downtown area. Originally constructed in 1923, this architectural gem still proudly showcases its Italian Renaissance style with striking original features including a marble staircase, counters, and walls, & an ornate brass chandelier. Spanning over 23,000 square feet across four levels, this building was thoughtfully expanded in 1957 with a second adjoining structure. Remnants of this legacy remain from the steel-and-concrete patch on the floor where the press once stood, too the distinctive End Grain wood flooring. This versatile property offers a unique freight elevator, Expansive parking lot, 2 double bay loading doors, sprinkler system, multiple phase electrical, Central AC, & staff facilities, including a full kitchen and dining area. Whether you're an investor, developer, or visionary business owner, this historic property offers limitless potential.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
30,000 SF
Building Class
B
Year Built
1923
Price
$371,623 CAD
Price Per SF
$12.39 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,590 SF
Slab To Slab
12’
Building FAR
1.68
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
50 Spaces (1.67 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 01-055000 | Improvements Assessment | $569,140 CAD |
| Land Assessment | $113,574 CAD | Total Assessment | $682,714 CAD |
PROPERTY TAXES
Parcel Number
01-055000
Land Assessment
$113,574 CAD
Improvements Assessment
$569,140 CAD
Total Assessment
$682,714 CAD
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