Medical Office Space on
For Sale
$350,000
3030 Wilmington Road, New Castle, PA 16105
A one-story commercial building across two parcels offers adaptable space with C-2 zoning.
Property Size2,700 SF
Lot Size2.56 Acres
Price / SF$129.63
Days on Market61
Property Features for 3030 Wilmington Road
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
15
Lot size
2.56 Acres
Property subtype
Commercial
Zoning
C2, C2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,430
Building Details
Year Built
1995
Buildings
1
Stories
1
Building Size
2,700 SF
Listing Agency:
CASTLE REALTY
Listed By:
Shellie Staph · License #RS321487
(724) 654-5589
Source:
Indianlakerealty
Added: Sep 1
Changed: Oct 30
Last Checked: Oct 30 at 3:32PM
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 CASTLE REALTY
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Investment Insights
Based on property information with market context.
This one-story commercial building contains over 2,700 square feet and sits on 2.56 acres divided between two parcels. Built in 1995, the property was previously used as a veterinary clinic. Its C-2 zoning and existing commercial building provide a basis for a range of commercial configurations.
The property is located at 3030 Wilmington Road in New Castle, along a main route through Lawrence County.
The property is located at 3030 Wilmington Road in New Castle, along a main route through Lawrence County.
Key Highlights
- Over 2,700 square feet of commercial building space
- 2.56 acres across two parcels
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,478
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,560
$449.6K
Cap Rate 7%
$321,114
$321.1K
Cap Rate 9%
$249,756
$249.8K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$40.5K $15.00/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$37.5K $13.88/SF
− OpEx
−$15.0K −$5.55/SF
NOI
$22.5K $8.33/SF
Area
Lawrence County, PA
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,560
Cap Rate 7%
$321,114
Cap Rate 9%
$249,756
Alternative Uses
Best Use
Office B
$492.7K
$431.1K – $574.9K
NOI $34,491 @ 7.0% cap · market cap 9.85%
Second Best
Healthcare Medical
$321.1K
$281.0K – $374.6K
NOI $22,478 @ 7.0% cap · market cap 6.42%
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.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Under-served
Demand for This Use
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - A one-story commercial building across two parcels offers adaptable space with C-2 zoning.
Where is this medical office space 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: Over 2,700 square feet of commercial building space; 2.56 acres across two parcels; C‑2 zoning
