One-Story Mixed-Use Commercial
For Sale
$350,000
3030 Wilmington Road, New Castle, PA 16105
CommercialSale, Neshannock Twp, PA
Property Size2,700 SF
Lot Size2.56 Acres
Price / SF$129.63
Days on Market11
Property Features for 3030 Wilmington Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
C2
Parking
15
Subdivision
Neshannock Twp
Standard status
Active
Lot size
2.56 Acres
Taxes and HOA fees
Tax Annual Amount
6430
Building Details
Year built
1995
Building materials
VinylSiding
Listing Agency:
CASTLE REALTY
Listed By:
Shellie Staph · License #RS321487
(724) 654-5589
Added: Sep 1
Changed: Sep 11
Last Checked: Sep 11 at 10:06PM
MLS# 1772540
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.
Investment Insights
Based on property information with market context.
This one-story mixed-use commercial property includes over 2,700 square feet of existing space on 2.56 acres across two parcels. Built in 1995 with vinyl siding, the building was formerly operated as a veterinary clinic and offers a layout that can be adapted for a new commercial concept. C-2 zoning supports numerous commercial uses, including medical or professional services, retail, restaurant, automotive, childcare, fitness, and pet-related operations.
The property is located at 3030 Wilmington Road in Neshannock Twp, within Lawrence County, PA. Its position along a main Lawrence County thoroughfare provides access and exposure for businesses seeking a visible commercial setting. The one-story configuration and substantial land area add practical flexibility for owner-users, investors, or businesses planning a new or expanded operation.
The property is located at 3030 Wilmington Road in Neshannock Twp, within Lawrence County, PA. Its position along a main Lawrence County thoroughfare provides access and exposure for businesses seeking a visible commercial setting. The one-story configuration and substantial land area add practical flexibility for owner-users, investors, or businesses planning a new or expanded operation.
Key Highlights
- 2.56 acres across two parcels
- Over 2,700 square feet of existing commercial space
- C‑2 zoning with numerous permitted commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,945
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,900
$558.9K
Cap Rate 7%
$399,214
$399.2K
Cap Rate 9%
$310,500
$310.5K
Market Conditions
NOI Build-Up for 2,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.6K $18.00/SF
− Vacancy
−$3.9K −$1.44/SF
EGI
$44.7K $16.56/SF
− OpEx
−$16.8K −$6.21/SF
NOI
$27.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,900
Cap Rate 7%
$399,214
Cap Rate 9%
$310,500
Alternative Uses
Best Use
Office B
$492.7K
$431.1K – $574.9K
NOI $34,491 @ 7.0% cap · market cap 9.85%
Second Best
Mixed Use
$399.2K
$349.3K – $465.8K
NOI $27,945 @ 7.0% cap · market cap 7.98%
Theoretical Best
Warehouse
$3.28M
$2.87M – $3.83M
NOI $229,560 @ 7.0% cap · market cap 65.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 16105, PA
15,420
Population
7,249
Households
2.1
Avg Household Size
49
Median Age
35%
College-Educated
95%
High-School Grad
25.6 sq mi
ZIP Area
602
Density / Sq Mi
$67,256
Median Household Income
$46,539
Median Earnings
$965
Median Rent
$175,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 zoning and an adaptable layout support a range of commercial applications.
Where is this mixed-use property located?
The property is located at 3030 Wilmington Road New Castle, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2.56 acres across two parcels; Over 2,700 square feet of existing commercial space; C‑2 zoning with numerous permitted commercial uses
