About 2655 Ellwood Road
PRIME COMMERCIAL REDEVELOPMENT SITE IN A LERTA ZONE! Outstanding opportunity along heavily traveled State Route 65/Ellwood Road, the primary commercial artery connecting New Castle and Ellwood City. Positioned on approximately 3.66 acres in a highly visible Shenango Township location, the property is just a minute from Route 422 and I-376, providing exceptional regional accessibility. Formerly utilized as a medical facility, the property is improved with an over 6,800 square-foot brick office building offering multiple paths for the next owner—retrofit and repurpose the existing structure or start from scratch with an entirely new commercial development. The building is presently in need of repair, making the underlying site, location and redevelopment potential the true value of this offering. The property is located within a LERTA zone—Local Economic Revitalization Tax Assistance—designed to encourage investment and redevelopment of qualifying deteriorated or underutilized properties through potential real estate tax abatements. Buyers should independently verify eligibility, applicable abatement terms and available benefits with the appropriate taxing authorities. Situated immediately adjacent to Sylvan Heights Golf Course and directly across from Lawrence Village Plaza/Shenango Commons, the property occupies a key position within an established and evolving commercial corridor. The surrounding area offers a strong mix of retail, professional, institutional and service-oriented uses. Ideal for medical or professional offices, retail, service businesses or a ground-up commercial redevelopment, subject to applicable zoning and approvals. A conceptual redevelopment design plan is available for review, providing prospective buyers with one vision for maximizing the site's potential. Potential demolition or redevelopment assistance may also be available through Shenango Township. RETROFIT. REIMAGINE. REDEVELOP. With approximately 3.66 acres, excellent Route 65 exposure, convenient highway access, LERTA-zone advantages and the flexibility to renovate the existing building or construct from the ground up, 2655 Ellwood Road offers a compelling opportunity in one of Shenango Township’s most visible commercial locations.
