836 S Mill St - Storefront Retail/Residential FOR SALE


New Castle, PA 16101
$100,000 USD
412-418-8241
836 S Mill St, New Castle, PA for Sale
$100,000 USD
Storefront Retail/Residential - FOR SALE
1/21
null | 20.4% Cap Rate

836 S Mill St
New Castle, PA 16101


HIGHLIGHTS

  • On primary commercial corridor
  • Large retail space with garage door
  • Tremendous upside potential for commercial and one additional residential space

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$100,000 USD

PRICE/SF

$22 USD /SF

CAP RATE

20.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

undefined, Convenience Store, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,641 SF

ZONING

C1

APN/PARCEL ID

08-041800

ASK ABOUT THIS PROPERTY

Philip LaMayKW CommercialMore Info
412-418-8241

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Philip LaMayKW CommercialMore Info
412-418-8241

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