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For Auction

$1 Auction - Former Pizza Hut | Value-Add | 12K VPD Traffic 

305 North Jefferson Street,
New Castle, PA 16101
Represented by
The Mazzotta Group

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Freestanding Retail
Retail Subtype
1977
Year Built
40
Parking Spots
11,924
Vehicles Per Day
0.76 Acres
Land Area
3,499 SF
Property Size
Single-Tenant
Retail Tenancy

Investment Highlights

High-Visibility Retail Corridor Site
Fronts North Jefferson Street, which carries roughly 11,924 vehicles per day of traffic.
Freestanding Value-Add Restaurant Building
The 3,499 SF building sits across four parcels totaling 0.76 acres, allowing flexible reuse.
Ample On-Site Parking Field Availability
Approximately 40 on-site spaces support retail, medical, or service-oriented tenant uses.
Established National Retail Corridor
Neighbors include Dunkin', Family Dollar, Dollar Tree, Burger King, and Domino's Pizza.
Corner Site With Dual Street Access
Multiple points of ingress and egress serve the corner-positioned four-parcel site plan.

Offering Summary

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 305 North Jefferson Street in New Castle, Pennsylvania is a freestanding former Pizza Hut restaurant offered via absolute auction with no reserve. The 3,499-square-foot building sits on four parcels totaling approximately 0.76 acres along a visible retail corridor carrying nearly 12,000 vehicles per day. The property includes approximately 40 parking spaces, multiple points of ingress and egress, and a corner position surrounded by national and regional retailers, including Dunkin', Family Dollar, Dollar Tree, Dollar General, Burger King, Domino's, and First Commonwealth Bank. Built in 1977, the vacant restaurant structure presents a value-add opportunity for investors, owner-users, or redevelopment buyers to reposition the site for retail, restaurant, medical, or service-oriented use. The property is located within the commercial core of New Castle, a Lawrence County regional hub benefiting from strong daytime population and established consumer traffic patterns, with connectivity to U.S. Route 422, Pennsylvania Route 65, I-376, and I-79.

Due Diligence

Location

Located at 305 N. Jefferson Street in New Castle, Pennsylvania, the site sits along a heavily traveled commercial corridor carrying nearly 12,000 vehicles per day. Nearby retailers include Dunkin', Family Dollar, Dollar Tree, Dollar General, Burger King, and Domino's, reinforcing consistent daytime consumer traffic in this established Lawrence County retail hub.

11,924 VPD
Traffic count on N. Jefferson Street
34,023
3-mile population (2030 projection)
$64,728
3-mile average household income

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $20,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: AU005925

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

Auction Opens In
46d 17h 22m 09s
$1
Starting Bid
Register To Bid
Bidding Opens
Bidding Closes

Investment Sales Brokers

LM
Laurie Mazzotta
The Mazzotta Group
Robert Gold
CBRE
PA License: PA RS170594L

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.