121 Ml St New Castle, PA 16101-3704

This 6,670 square foot vacant storefront in downtown New Castle, PA, presents a compelling investment opportunity. Currently priced at $946,990, it boasts a strong 10% cap rate and a substantial NOI of $94,699. The property enjoys a prime location near key amenities such as Dunkin' Donuts, the public library, and the police station. Previously occupied by the Pennsylvania Department of Environmental Protection for 28 years (with a 2-year lease extension), this location includes a specialized on-site laboratory. The low price per square foot of $141 significantly undercuts replacement cost. A triple-net backup lease provides added security. This established presence and specialized facilities make this a low-risk, high-reward investment. The property is situated at 121 N Mill St, New Castle, PA 16101. The modified lease structure offers flexibility for future tenants. This is an exceptional opportunity to acquire a well-located, income-producing retail property in a thriving downtown area. The property's history of long-term tenancy and the inclusion of specialized laboratory equipment further enhance its investment appeal. The strong NOI and cap rate make this a highly attractive proposition for investors seeking a stable and profitable addition to their portfolio. Don't miss this chance to secure a prime retail space in a desirable location.