Mixed-Use Property with
For Sale
$375,000
2068 Columbia Avenue, Tyrone, PA 16686
Commercial Sale, Tyrone, PA
Property Size1,600 SF
Lot Size0.01 Acres
Price / SF$234.38
Days on Market19
Property Features for 2068 Columbia Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Basement
Full, Partially Finished
Lot features
Cleared, Cleared
Elementary school district
Tyrone
Middle school district
Tyrone
High school district
Tyrone
Directions
Gps
Subdivision
Tyrone Borough
Standard status
Active
APN
22.07-08..-016.00-000
Size
1,600 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2009
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Roof type
Metal
Listing Agency:
Perry Wellington Realty, LLC
(814) 695-5323
Listed By:
The Gretchen Gunnett Team
(814) 696-7742
Added: Aug 14
Changed: Aug 28
Last Checked: Sep 1 at 11:06AM
MLS# 80946
Copyright © 2026 Allegheny Highland Association of Realtors. 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 mixed-use property combines a café and bar operation with two residential apartments. The offering includes the building, business equipment, and a liquor license, creating a single property with both commercial and residential components. The apartments are fully rented, while the café and bar areas are equipped for continued use or reconfiguration by a future operator.
The property contains 1,600 square feet on a 0.01-acre lot at 2068 Columbia Avenue in Tyrone, Pennsylvania. Building systems include forced-air and natural-gas heating, central air conditioning, public water, public sewer, and a metal roof. A basement is also included.
The property contains 1,600 square feet on a 0.01-acre lot at 2068 Columbia Avenue in Tyrone, Pennsylvania. Building systems include forced-air and natural-gas heating, central air conditioning, public water, public sewer, and a metal roof. A basement is also included.
Key Highlights
- 1,600 square feet on a 0.01‑acre lot
- Café and bar operation with business equipment included
- Liquor license included with the offering
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,560
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$331,200
$331.2K
Cap Rate 7%
$236,571
$236.6K
Cap Rate 9%
$184,000
$184.0K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$28.8K $18.00/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$26.5K $16.56/SF
− OpEx
−$9.9K −$6.21/SF
NOI
$16.6K $10.35/SF
Area
Blair County, PA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$331,200
Cap Rate 7%
$236,571
Cap Rate 9%
$184,000
Alternative Uses
Best Use
Mixed Use
$236.6K
$207.0K – $276.0K
NOI $16,560 @ 7.0% cap · market cap 4.42%
Second Best
Specialty Retail
$230.1K
$201.4K – $268.5K
NOI $16,110 @ 7.0% cap · market cap 4.30%
Theoretical Best
Warehouse
$1.94M
$1.70M – $2.27M
NOI $136,036 @ 7.0% cap · market cap 36.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 16686, PA
13,861
Population
5,919
Households
2.3
Avg Household Size
44
Median Age
20%
College-Educated
92%
High-School Grad
146.9 sq mi
ZIP Area
94
Density / Sq Mi
$65,641
Median Household Income
$37,422
Median Earnings
$806
Median Rent
$166,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a café and bar setup, two rented apartments, business equipment, and a liquor license.
Where is this mixed-use property located?
The property is located at 2068 Columbia Avenue Tyrone, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,600 square feet on a 0.01‑acre lot; Café and bar operation with business equipment included; Liquor license included with the offering
