2019 Washington St New Castle, PA 16101

Property Details for 2019 Washington St

Lot size

27.50 lot acres

Property type

Commercial real estate

Description

This exceptional 27.5-acre property in New Castle, Pennsylvania, offers a unique opportunity for commercial and industrial development. Located a quarter-mile north of the Benjamin Franklin Highway (Pennsylvania Turnpike), this highly visible site boasts excellent access and high traffic volume. The property is conveniently situated less than a mile from local schools and is surrounded by established national retailers such as Dunkin', McDonald's, Big Lots, and Taco Bell, indicating strong consumer presence. The land is zoned for commercial and industrial use and can be subdivided. The upfront 2.67 acres are ideal for retail development, while the remaining 24.59 acres are suitable for various industrial and commercial projects. The township is known for its developer-friendly policies, streamlining the development process. This location benefits from its proximity to both Pittsburgh (50 miles south) and Youngstown (20 miles northwest), offering access to a large regional market. Lease options are available: $40,000 NNN per acre annually for the 2.67-acre commercial parcel and $10,000 NNN per acre annually for the 24.59-acre commercial/industrial parcel. Sale options are also available at $120,000 per acre for the 2.67-acre commercial parcel and $30,000 per acre for the 24.59-acre commercial/industrial parcel. This is a rare opportunity to acquire a significant land holding in a thriving area with strong potential for substantial returns. The property is offered fee simple.