Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Mixed-Use Building in Charleroi Title is generated by Realmo AI

    628 Fallowfield Avenue, Charleroi, PA 15022

    View on Map
    Claim this Listing
    For Sale
    $162,500

    Retail - Charleroi Boro, PA

    Type:Retail
    Lot size:
    0.11 Acres
    Added:
    Oct 24, 2025
    Days on Market:
    220
    Last Refresh:
    May 31 at 2:06 am

    Property Features for 628 Fallowfield Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Comm
    Standard status
    Active
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5063

    Building Details

    Year built
    1929
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Paul Bortz
    Paul Bortz

    Listing agent Paul Bortz License #RM423147

    Listing office COLDWELL BANKER LAUREL RIDGE REALTY 554 Morgantown Road, Uniontown, PA

    Listing date Oct 24, 2025

    MLS# 1727063 Listing URL

    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.

    HighLights

    • High‑visibility location in the heart of Charleroi, next to the public library.
    • Versatile 2‑story building with both commercial and residential space.
    • First floor: Approx. 4400 sq ft open concept commercial space with storefront windows.
    • Three residential units on the second floor (3 BR, 2 BR, 1 BR) for rental income or live/work setup.
    • Full basement with development potential for storage, workshop, or expansion.
    • Centrally located, walking distance to shops, cafes, and public transportation.

    Overview

    This two-story commercial building is located in Charleroi, next to the Charleroi Public Library. The first floor features approximately 4400 square feet of open-concept commercial space with expansive storefront windows, a private office, and a restroom. This space is suitable for retail, office, gallery, or service-based businesses. The second floor contains three residential units: a 3-bedroom 2-bath unit, a 2-bedroom unit, and a 1-bedroom unit, suitable for rental income or a live/work setup. The property also includes a full basement with development potential for storage, a workshop, or future expansion. The property is centrally located within walking distance to shops, cafes, and public transportation. The lot size is 0.1056 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charleroi
    County
    Washington
    State
    Pennsylvania
    Longitude
    -79.899985
    Latitude
    40.139825

    Nearby Similar for Sale

    • $499,000
      10,000 SF

      Versatile Industrial Building with Offices

      Remodeled office and warehouse space with easy highway access.
      10 3rd St., Charleroi Boro, PA 15022
      View Details
    • $199,900
      14,000 SF

      Historic Brick Building Redevelopment Opportunity

      Massive brick structure with redevelopment potential in Charleroi Boro.
      400 5th St, Charleroi Boro, PA 15022
      View Details
    • $199,900
      14,000 SF

      Historic Brick Building Redevelopment Opportunity

      Massive brick building with redevelopment potential in Charleroi Boro.
      400 5th St, Charleroi Boro, PA 15022
      View Details
    • $199,995

      Mixed-Use Property in Charleroi Boro

      Mixed-use property with income potential in Charleroi Boro, PA.
      211 Fallowfield Ave, Charleroi Boro, PA 15022
      View Details
    • $6,250,000
      85,000 SF

      Equipped Warehouse Facility on 33 Acres

      Massive warehouse facility with production rooms, freezers, and loading docks.
      119 N Route 88, Charleroi, PA
      View Details
    • $749,000
      19,200 SF

      Office/Garage Space For Sale

      19,200 sq ft office/garage space in high-traffic location.
      58 Route 88, Charleroi, PA, 15022-2539
      View Details
    • $150,000

      Renovated Triplex with Income Potential

      Three studio apartments, renovated with income potential and immediate occupancy.
      236 Washington Avenue, Charleroi, PA 15022
      View Details
    • $129,800

      Income Producing Charleroi Office

      Income-generating office and residential spaces in Charleroi Boro, Pennsylvania.
      306 & 308 Fallowfield Ave, Charleroi Boro, PA 15022
      View Details
    • $50,000

      Mixed-Use Property in Charleroi Boro

      Storefront with two apartments on a visible main street.
      623 Fallowfield Avenue, Charleroi Boro, PA 15022
      View Details
    • $199,900
      14,000 SF

      Historic Building Redevelopment Opportunity

      Massive brick building with redevelopment potential in Charleroi, PA.
      400 5th St, Charleroi, PA 15022
      View Details
    • $150,000

      Former Medical Office Building

      Former medical office building featuring multiple offices and reception areas.
      90 Chamber Plz, Charleroi, PA, 15022-1620
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-story commercial building with retail and residential units in central location.
    Where is this mixed-use property located?
    The property is located at 628 Fallowfield Avenue Charleroi, PA.
    What is the asking price?
    The asking price for this property is $162,500.
    What are key features of this property?
    This property features: High‑visibility location in the heart of Charleroi, next to the public library.; Versatile 2‑story building with both commercial and residential space.; **First floor: Approx. 4400 sq ft open concept commercial space with storefront windows.**
    (724) 437-7100
    We can help!
    Listing Contact
    Paul Bortz
    Paul Bortz
    Real Estate License ID: RM423147
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    628 Fallowfield Avenue, Charleroi Boro, PA 15022
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!