409 N Jefferson St - Residential Income FOR SALE


New Castle, PA 16101
$499,000 USD
412-307-7927
409 N Jefferson St, New Castle, PA for Sale
$499,000 USD
Residential Income - FOR SALE
1/46
null | 7% Cap Rate

409 N Jefferson St
New Castle, PA 16101


HIGHLIGHTS

  • High Traffic Area with Nearly 13,000 Vehicles Daily
  • Ample Parking, 10+ Comfortably Sized Spaces, Perfect for Come-and-go
  • Immaculately Adorned Fixtures, Natural Light and Detailed Rooms
  • Already Income-Producing, Seller is a Long-term Professional Tenant
  • 5-yr old Roof, Utilities are separate

OVERVIEW

I wanted to highlight that this is a mixed-use property, which makes it a unique investment opportunity. The main floor houses a hair salon, and the salon owner, who also owns the building, is happy to stay on as a tenant. This means the new buyer would immediately have a steady rental income from the salon. On the second floor, there are two residential units: one is a three-bedroom, one-bath unit that could potentially bring in $1,000 to $1,200 per month, and the other is a one-bedroom, one-bath unit that could generate around $700 to $800 monthly. Additionally, the property includes a spacious parking lot, which adds convenience and value for both the salon and residential tenants. This combination of commercial and residential rental income makes it a really attractive investment. The owner could be open to a sale leaseback deal as the salon is their business.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

C1

APN/PARCEL ID

01-058400

ASK ABOUT THIS PROPERTY

Rocco FazioCompassMore Info
412-307-7927

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Rocco FazioCompassMore Info
412-307-7927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.