Current Use by Public Records
- Deep Well Services / Production Facility
- AutoSep Technologies / Production Facility
Property Details for 719 New Castle St
- Lot size
- 31.81 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 488,282-square-foot multi-tenant industrial warehouse complex in Zelienople, Pennsylvania. Located on 31.81 acres, the property boasts four buildings with 12 suites, offering a diverse range of spaces. The buildings feature ceiling heights ranging from 14 to 30 feet, providing ample vertical clearance. Loading capabilities are robust, with 15 dock-high doors and 29 loading docks. The property benefits from 17 overhead cranes and three-phase power (1200 amps, 480 volts), catering to diverse industrial needs. Currently 94.83% occupied, the property generates a substantial net operating income (NOI) of $2,006,562, representing an attractive 8.36% capitalization rate at an asking price of $24,000,000. Built between 1950 and 1970, the property offers significant upside potential due to below-market rents. Its strategic location, 31 miles north of Downtown Pittsburgh, provides easy access to Interstates 79 and 76, enhancing its logistical advantages. The property's substantial size and features, combined with its strong occupancy rate and favorable location within the low-tax Butler County industrial submarket (5.1% vacancy rate), make it a compelling investment prospect. Ample outdoor storage space further enhances its appeal. The property is offered fee simple.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Zelienople
- County
- Butler
- State
- Pennsylvania
- Longitude
- -80.1486
- Latitude
- 40.7954
