Two-Story Brick Office
New
For Sale
$875,000
3135 Wilmington Road, New Castle, PA 16105
CommercialSale, Neshannock Twp, PA
Property Size7,000 SF
Lot Size0.60 Acres
Price / SF$125
Days on Market2
Property Features for 3135 Wilmington Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Com
Zoning description
Com
Parking
28
Directions
From 376, take the Mitchell Road exit. Turn right at the light onto Route 18 south. Building is on the right, corner of 18 and Fairhill Drive.
Subdivision
Neshannock Twp
Standard status
Active
Lot size
0.60 Acres
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Taxes and HOA fees
Tax Annual Amount
16386
Building Details
Year built
2006
Building materials
Brick
Buildings
1
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
Listed By:
Tracy Mantzell · License #RS328339
(724) 776-2900
Added: Nov 1
Last Checked: Nov 2 at 1:06PM
MLS# 1781587
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.
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Investment Insights
Based on property information with market context.
Built in 2006, this brick office building contains nearly 7,000 square feet of finished space across two stories. The upper floor is arranged for medical office use, with a reception area, seven exam rooms, three offices, three public ADA-compliant restrooms and staff areas. It has a private rear entrance and a new five-year transferable lease in place. The lower level offers an open central area, three offices, a conference room, storage and two restrooms.
The property occupies 0.6 acres in Neshannock Township, less than three miles from Jameson Hospital in New Castle. Access to 28 paved parking spaces is available from a side road, providing an alternate route for vehicles entering and exiting the site.
The two floors have separate utilities and HVAC. The basement uses precast concrete walls, with sound-insulating material between the pre-engineered wood trusses. Commercial zoning is designated Com.
The property occupies 0.6 acres in Neshannock Township, less than three miles from Jameson Hospital in New Castle. Access to 28 paved parking spaces is available from a side road, providing an alternate route for vehicles entering and exiting the site.
The two floors have separate utilities and HVAC. The basement uses precast concrete walls, with sound-insulating material between the pre-engineered wood trusses. Commercial zoning is designated Com.
Key Highlights
- Nearly 7,000 SF of finished space in a two‑story brick building
- Medical‑office floor includes seven exam rooms, three offices and three public ADA‑compliant restrooms
- Lower level offers three offices, a conference room, storage and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,275
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,500
$1.2M
Cap Rate 7%
$832,500
$832.5K
Cap Rate 9%
$647,500
$647.5K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$105.0K $15.00/SF
− Vacancy
−$7.9K −$1.13/SF
EGI
$97.1K $13.88/SF
− OpEx
−$38.9K −$5.55/SF
NOI
$58.3K $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%
$1,165,500
Cap Rate 7%
$832,500
Cap Rate 9%
$647,500
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,422 @ 7.0% cap · market cap 10.22%
Second Best
Healthcare Medical
$832.5K
$728.4K – $971.3K
NOI $58,275 @ 7.0% cap · market cap 6.66%
Theoretical Best
Warehouse
$8.50M
$7.44M – $9.92M
NOI $595,156 @ 7.0% cap · market cap 68.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
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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?
Office building - Two levels provide medical office space upstairs and a separate lower-level office layout.
Where is this office building located?
The property is located at 3135 Wilmington Road New Castle, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Nearly 7,000 SF of finished space in a two‑story brick building; Medical‑office floor includes seven exam rooms, three offices and three public ADA‑compliant restrooms; Lower level offers three offices, a conference room, storage and two restrooms
