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    316 Rhodes Pl New Castle, PA 16101

    Sponsored
    For Sale
    $1,200,000

    11,300 SF Mixed-Use Property, PA

    Property size:
    11,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional New Castle, Pennsylvania mixed-use property offers a compelling investment opportunity. Situated on a 2.51-acre lot, the property comprises two distinct facilities totaling 11,300 square feet. First, an 8,800 square foot, impeccably restored mansion currently operates as a four-unit multi-family residence, blending historic charm with modern amenities. Secondly, a 72-bed former personal care facility presents a significant value-add opportunity, available at a price substantially below reconstruction cost. The property benefits from ample parking, beautiful grounds, and a prime location in New Castle, zoned R2. Built in 1982, this property is priced at $1,200,000, or $176.99 per square foot. This unique offering presents a myriad of potential uses and significant financial upside for the discerning investor. The address is 316-318 Rhodes Pl, New Castle, PA 16101. This is a distressed sale representing an incredible financial opportunity.

    Property Features for 316 Rhodes Pl

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,300 SF
    Lot Size
    109,336 SF

    Building Details

    Year Built
    1982
    Units
    4

    HighLights

    • Landscaped grounds.
    • Abundant parking.
    • Excellent New Castle location.
    • Strong investment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.3385869
    Latitude
    41.0043544

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    FAQs

    What type of property is this?
    Mixed-use property - 11,300 SF Mixed-Use Property, PA
    Where is this mixed-use property located?
    The property is located at 316 Rhodes Pl New Castle, PA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Landscaped grounds.; Abundant parking.; Excellent New Castle location.
    (304) 290-7826
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    316 Rhodes Pl 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
    316 Rhodes Pl New Castle, PA 16101
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