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Mixed-Use Property with Remodeled Apartments
New
For Sale
$850,000

188 New Castle Rd., Butler, PA 16001

CommercialSale, Twp of But NE, PA

Property SizeContact for details
Lot Size0.49 Acres
Days on Market2

Property Features for 188 New Castle Rd.

General Information

Property type Commercial Sale
Property subtype Retail
Zoning Comm
Zoning description Comm
Parking 21
Directions use GPS
Subdivision Twp of But NE
Standard status Active
Lot size 0.49 Acres

Additional Details

Tenant in Place Yes
Mixed-Use Components commercial, residential

Taxes and HOA fees

Tax Annual Amount 6139

Amenities

basement storage space

Building Details

Building materials Brick
Listing Agency: REALTY ONE GROUP GOLD STANDARD
Listed By: David Strejeck · License #RS352616
Added: Oct 29 Changed: Oct 30 Last Checked: Oct 30 at 6:06PM
MLS# 1781331

Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This brick mixed-use property combines commercial and residential occupancy across 0.49 acres. Four commercial tenants and two residential tenants occupy the building. The residential apartments have been remodeled, and basement storage is available for tenant use. Improvements include a resurfaced parking lot with 21 spaces, a freshly painted exterior, a new heating and air conditioning unit, and a new furnace.

Located at 188 New Castle Rd. in Butler County, the property has access to I-79 and Pittsburgh-area markets. Its zoning is Comm.

Key Highlights

  • Four commercial tenants and two residential tenants
  • 0.49‑acre property with a resurfaced parking lot offering 21 spaces
  • Remodeled residential apartments

Property Analytics

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Current Use

D-Bug Pest Control, ... Garden Center

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hair Salon Kitchen & Bath Showroom Auto Parts Store

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

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

242
Businesses Nearby

Demographics for 16001, PA

40,085
Population
19,757
Households
2
Avg Household Size
46
Median Age
28%
College-Educated
94%
High-School Grad
75.8 sq mi
ZIP Area
529
Density / Sq Mi
$61,325
Median Household Income
$42,542
Median Earnings
$864
Median Rent
$191,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four commercial and two residential tenants occupy the property, with remodeled apartments and basement storage available for tenant use.
Where is this mixed-use property located?
The property is located at 188 New Castle Rd. Butler, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four commercial tenants and two residential tenants; 0.49‑acre property with a resurfaced parking lot offering 21 spaces; Remodeled residential apartments
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