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836 S Mill St 4,500 SF 50% Leased Retail Building New Castle, PA 16101 $138,120 CAD ($30.69 CAD/SF) 20.40% Cap Rate
Investment Highlights
- On primary commercial corridor
- Tremendous upside potential for commercial and one additional residential space
- Large retail space with garage door
Executive Summary
Commercial Mixed-Use Investment Property Solid brick structure featuring three floors of versatile space in a convenient New Castle location. Immediate Cash Flow: Second floor currently features two (2) occupied residential units generating $1,700/month in gross rental income (Rents: $800 & $900, includes utilities). Value-Add Potential: The entire third floor is an ideal candidate for conversion into a third residential apartment after cosmetic repairs and compliance with local building/fire code, significantly boosting Gross Potential Rent. Commercial/Storage Space: First floor includes dedicated storage area and a single-car garage, providing excellent owner-user potential or additional commercial lease revenue. Full-sized basement offers ample storage. Building has received recent maintenance. Usage Flexibility: Zoning/current use permits mixed Commercial/Residential operation. Suitable for investor seeking immediate returns with a clear path for expansion.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$28,176
|
$6.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$28,176
|
$6.26
|
| Taxes |
$2,215
|
$0.49
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,215
|
$0.49
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $28,176 |
| Annual Per SF | $6.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $28,176 |
| Annual Per SF | $6.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,215 |
| Annual Per SF | $0.49 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $2,215 |
| Annual Per SF | $0.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
C
Year Built/Renovated
1900/2005
Price
$138,120 CAD
Price Per SF
$30.69 CAD
Cap Rate
20.40%
NOI
$28,176 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.74
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial
Frontage
Amenities
- Corner Lot
- Restaurant
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-041800 | Total Assessment | $57,025 CAD |
| Land Assessment | $5,483 CAD | Annual Taxes | $2,215 CAD ($0.49 CAD/SF) |
| Improvements Assessment | $51,542 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
08-041800
Land Assessment
$5,483 CAD
Improvements Assessment
$51,542 CAD
Total Assessment
$57,025 CAD
Annual Taxes
$2,215 CAD ($0.49 CAD/SF)
Tax Year
2025
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836 S Mill St
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