734 E Washington St New Castle, PA 16101
Property profile & analytics
734 E Washington St New Castle, PA 16101
- Retail space
- 9,950 SF
- 1.17 lot acres
Property ID
US73-3392065
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- CVS Photo / (Bike/Boat/Book/etc) Store
- CDReload Instant Bitcoin / Crypto Atm
- CVS / Pharmacy
- CVS Pharmacy / Pharmacy
- MoneyGram / Bank / Credit Union
Property Details for 734 E Washington St
- Lot size
- 1.17 lot acres
- Property size
- 9,950 SF
- Zone code
- R-2
- Property type
- Retail space
- APN
- 04-128500
- APU
- 4128500
Description
This exceptional investment opportunity presents a 10,125 square foot, single-tenant CVS Pharmacy in New Castle, Pennsylvania. The property, built in 1999 and situated on a 1.17-acre lot at 734 E Washington St, 16101, boasts a prominent location with high visibility. Currently under a net lease (NN) with approximately 3.2 years remaining until January 31, 2028, the lease includes four 5-year renewal options, ensuring long-term stability. The asking price is $3,200,000, representing a compelling $316.05 per square foot and a 7.89% cap rate based on a Net Operating Income (NOI) of $252,456. The tenant, CVS Pharmacy, is a highly reputable, investment-grade corporation (S&P rating "BBB"), providing significant financial strength and security. This freestanding building features a drive-thru for added convenience. The property's strategic location within New Castle's bustling commercial area, coupled with easy access to major transportation routes and nearby population centers like Pittsburgh, ensures strong ongoing performance. This is a rare opportunity to acquire a well-positioned, income-producing asset with a blue-chip tenant and substantial remaining lease term. The property offers a secure investment with significant potential for future growth and appreciation.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,380,000
- 6.5%
- $1,275,000
- 7%
- $1,180,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $774,000
Market price range: $261k - $774k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $920,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Castle
- County
- Lawrence
- State
- Pennsylvania
- Longitude
- -80.3345
- Latitude
- 40.9939
- CBSA code
- 35260
- CBSA name
- NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,820
$152,900
$535,100
$688,000
-
$152,900
$535,100
$688,000
