Building Details

Year Built 1968

Listing Agency: MCCOWN DAN & CO INC

Listed By: Joelynne Scalzo-Koury Show Phone

Source: Localmercer

Added: Mar 27 Changed: Sep 30 Last Checked: Oct 5 at 9:18PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MCCOWN DAN & CO INC

Investment Insights

Based on property information with market context.

This property features a 40' x 82' steel superstructure with 14' insulated ceilings and walls, and 10" concrete floors. It includes Reznor heaters, a trolley system, a 14' x 14' manual overhead door, a mezzanine, a half bath, and an on-site transformer. The building is well suited for workshop, light industrial, or business use. Supporting the structure is a well-maintained home/office situated on 4 acres. The residence includes updates such as a new roof, HVAC, updated electrical, new windows and doors, a newer washer and dryer, and an updated kitchen with newer all-white appliances. A low-maintenance Trex-style deck is also present. An all-season sunroom with floor-to-ceiling windows and a through-the-wall heater overlooks scenic acreage and wildlife. This versatile property offers a combination of functional industrial space and comfortable office/residential use in a peaceful rural setting. The property is located in New Wilmington, PA and is zoned R-1 AG RES District.

Key Highlights

• 40' x 82' steel superstructure suitable for workshop, light industrial, or business use
• Well‑maintained home/office situated on 4 acres
• Numerous updates to the residence including new roof, HVAC, updated electrical, new windows and doors, updated kitchen with newer appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,948

Cap Rate

7.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$678,960 $679.0K

Cap Rate 7%

$484,971 $485.0K

Cap Rate 9%

$377,200 $377.2K

Market Conditions

NOI Build-Up for 3,280 SF

Gross rent

$59.0K $18.00/SF

− Vacancy

−$4.7K −$1.44/SF

EGI

$54.3K $16.56/SF

− OpEx

−$20.4K −$6.21/SF

NOI

$33.9K $10.35/SF

Area

Lawrence County, PA

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$678,960

Cap Rate 7%

$484,971

Cap Rate 9%

$377,200

Alternative Uses

Best Use

Industrial

$3.28M

$2.87M – $3.83M (±1% cap)

NOI $229,660 @ 7.0% cap · market cap 52.21%

Second Best

Mixed Use

$485.0K

$424.4K – $565.8K (±1% cap)

NOI $33,948 @ 7.0% cap · market cap 7.72%

Theoretical Best

Warehouse

$3.98M

$3.49M – $4.65M (±1% cap)

NOI $278,873 @ 7.0% cap · market cap 63.39%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Campbell William L ... General Contractor

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Big Box & Wholesale Store Building Supply Furniture & Home Goods Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 16142, PA

5,906

Population

2,096

Households

2.8

Avg Household Size

39

Median Age

35%

College-Educated

85%

High-School Grad

43.8 sq mi

ZIP Area

135

Density / Sq Mi

$78,750

Median Household Income

$37,423

Median Earnings

$797

Median Rent

$214,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Versatile property with industrial space and comfortable residential use.

Where is this mixed-use property located?

The property is located at 14 Steingrabe Rd New Wilmington, PA.

What is the asking price?

The asking price for this property is $439,900.

What are key features of this property?

This property features: 40' x 82' steel superstructure suitable for workshop, light industrial, or business use; Well‑maintained home/office situated on 4 acres; Numerous updates to the residence including new roof, HVAC, updated electrical, new windows and doors, updated kitchen with newer appliances