354 Commerce Ave New Castle, PA 16101-7624
This 7,500-square-foot industrial warehouse, situated on a 4.21-acre lot in the desirable Shenango Industrial Park in New Castle, Pennsylvania, presents a compelling opportunity for owner-users or investors. The property boasts a strategic location directly off US Route 422, benefiting from excellent visibility and convenient access to major transportation routes. The building, constructed in 1984 and renovated in 2000, features a spacious 5,000-square-foot warehouse with a mezzanine, complemented by 2,500 square feet of well-appointed office space. The office area includes six private offices, a conference room, and a kitchenette, providing ample space for administrative functions. The warehouse itself offers a generous clear height of 18' 5" at the peak and 15' 7" at the walls, along with convenient loading capabilities including one dock-high door and two 14-foot grade-level drive-in/drive-through doors. The property is equipped with modern amenities such as LED lighting, a robust 3-phase 480V power system with two transformers, radiant heat in the warehouse, and full HVAC in the office area. Additional features include ample parking for eight or more cars, plus a dedicated truck court and trailer parking. The property is zoned IP Industrial Park and benefits from public sewer and water utilities. The asking price is $599,000, translating to $79.87 per square foot. This property is ideally suited for a variety of industrial uses and offers significant potential for growth and return on investment. The property's location within Shenango Industrial Park places it amongst established businesses such as Almega Plastics, Ferguson Perforating, Superior Forge & Steel, DS Smith, and Gardner Steel Corporation, further enhancing its appeal and value. Pylon signage availability at the park entrance provides additional marketing opportunities. The APN is 31-082300.
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SSD Distribution System Distribution Center Logistics Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C/1 · New Castle, PANew Castle. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.