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    253 Washington St New Castle, PA 16101

    Sponsored
    For Sale
    $2,000,000

    47,000 SF Office Building, Prime Location

    Property size:
    47,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story, 47,000 square foot Class B office building presents a remarkable investment opportunity in the heart of Downtown New Castle, Pennsylvania. Located at 253 E Washington St, 16101, this single-tenant property boasts a flexible layout suitable for a mid-size to large user seeking cost-effective space. Currently offering 5% occupancy, the building features 15,666 square foot floor plates and is in move-in condition. The asking price is $2,000,000, translating to $42.55 per square foot. The property sits on a 0.36-acre lot and benefits from ample on-site parking, further enhanced by its proximity to 250 public parking spaces and a major bus stop, providing convenient access to all areas of Lawrence County. Enjoy stunning views overlooking Neshannock Creek and the convenience of being within walking distance of downtown amenities. The building was constructed in 1997 and is zoned M1. This NNN lease property offers a compelling solution for businesses seeking to control costs in today's market. The building's traditional and creative office space options provide versatility for a wide range of tenants.

    Property Features for 253 Washington St

    General Information

    Property type
    Office space
    Square Feet
    47,000 SF
    Class
    B
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    3

    HighLights

    • 15,666 SF floor plates
    • Move‑in ready office space
    • Abundant parking
    • Excellent public transit access
    • Panoramic Neshannock Creek views
    • Walkable to downtown and amenities
    Property Profile Location Intelligence

    Current Use by Public Records

    InfoCision Management Corporation Marketing Agency UPMC Jameson Partial ... Mental Health Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.3416431
    Latitude
    40.9999141

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    FAQs

    What type of property is this?
    Office space - 47,000 SF Office Building, Prime Location
    Where is this office space located?
    The property is located at 253 Washington St New Castle, PA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 15,666 SF floor plates; Move-in ready office space; Abundant parking
    Request Owner's contact information
    253 Washington St New Castle, PA 16101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    253 Washington St New Castle, PA 16101
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