Description
Commercial Mixed-Use Investment Property
Solid brick structure featuring three floors of versatile space in a convenient New Castle location.
Immediate Cash Flow: Second floor currently features two (2) occupied residential units generating $1,700/month in gross rental income (Rents: $800 & $900, includes utilities).
Value-Add Potential: The entire third floor is an ideal candidate for conversion into a third residential apartment after cosmetic repairs and compliance with local building/fire code, significantly boosting Gross Potential Rent.
Commercial/Storage Space: First floor includes dedicated storage area and a single-car garage, providing excellent owner-user potential or additional commercial lease revenue. Full-sized basement offers ample storage. Building has received recent maintenance.
Usage Flexibility: Zoning/current use permits mixed Commercial/Residential operation. Suitable for investor seeking immediate returns with a clear path for expansion.
Location
Listed By
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Information provided here is deemed reliable but is not guaranteed and should be verified independently. The data relating to real estate for sale on this website comes from the Internet Data Exchange program of West Penn Multi-List. Updated: 17th April, 2026 11:43 PM (UTC)
Listing Office: KELLER WILLIAMS STEEL CITY
