Live-Work Flex
For Sale
$729,999
1204 Memorial Blvd, Connellsville, PA 15425
SINGLE_FAMILY - Connellsville, PA
Property Size6,900 SF
Lot Size0.40 Acres
Price / SF$105.80
Days on Market148
Property Features for 1204 Memorial Blvd
General Information
Property type
Residential
Property subtype
Office
Zoning
B1
Zoning description
B1
Subdivision
Connellsville
Standard status
Active
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
5058
Listing Agency:
REALTY ONE GROUP GOLD STANDARD
(724) 941-1427
Listed By:
Camille Miele · License #RS348289
(724) 941-1427
Added: Mar 5
Changed: Jul 21
Last Checked: Jul 31 at 7:06AM
MLS# 1742385
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story live-work flex building offers a large commercial component on the first floor and a residential apartment on the second. The first-floor space includes approximately 4,500 square feet of functional commercial area with four 10-foot garage bays and additional flexible space for warehouse use or expansion. The second floor provides a spacious apartment of approximately 2,400 square feet with a massive open-concept layout, 4 bedrooms, and 2 full bathrooms, complemented by vaulted ceilings and skylights.
Located at 1204 Memorial Blvd in Connellsville, Pennsylvania, the property sits on a 0.4027-acre lot and is zoned B1.
Overall, the configuration supports combined commercial and residential use within a single structure, whether for an owner-operator or for a buyer looking at both income and operating flexibility.
Located at 1204 Memorial Blvd in Connellsville, Pennsylvania, the property sits on a 0.4027-acre lot and is zoned B1.
Overall, the configuration supports combined commercial and residential use within a single structure, whether for an owner-operator or for a buyer looking at both income and operating flexibility.
Key Highlights
- Over 7,000 sqft total building with combined commercial and residential space
- First‑floor includes approx. 4,500 sqft commercial area plus four 10‑ft garage bays and flexible warehouse/expansion space
- Second‑floor apartment offers approx. 2,400 sqft with 4 bedrooms and 2 full bathrooms
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.0k | $8.40 |
| − Vacancy | −$3.9k | −$0.57 |
| EGI | $54.0k | $7.83 |
| − OpEx | −$8.1k | −$1.17 |
| NOI | $45.9k | $6.65 |
6,900 SF · lease $8.40/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,145 @ 7.0% cap · market cap 12.07%
Second Best
Mixed Use
$975.9K
$853.9K – $1.14M
NOI $68,310 @ 7.0% cap · market cap 9.36%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,028 @ 7.0% cap · market cap 16.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
4
Service bays
1
Residential units
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 15425, PA
17,975
Population
8,603
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
91%
High-School Grad
57.7 sq mi
ZIP Area
312
Density / Sq Mi
$53,859
Median Household Income
$40,927
Median Earnings
$697
Median Rent
$129,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Two-story building with four 10ft garage bays on the first floor and a 4-bedroom apartment on the second.
Where is this live-work space located?
The property is located at 1204 Memorial Blvd Connellsville, PA.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: Over 7,000 sqft total building with combined commercial and residential space; First‑floor includes approx. 4,500 sqft commercial area plus four 10‑ft garage bays and flexible warehouse/expansion space; Second‑floor apartment offers approx. 2,400 sqft with 4 bedrooms and 2 full bathrooms
