Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    100 Adios Dr Washington, PA 15301

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space adjacent to Hollywood Casino and Tanger Outlets.

    Type:Retail, Office
    Property size:
    40,000 SF
    Added:
    Aug 2, 2023
    Days on Market:
    994
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 100 Adios Dr

    General Information

    Standard status
    Active
    Size
    40,000 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 100 Adios Dr Contact us

    Suite 1150 $24 /Mo

    Size
    1,633 SF
    Type
    Retail
    1,663 SF of shell space ready for tenant built out
    Contact us

    We can help!

    Listing Contact
    Rick Dimidjian

    Listing agent Rick Dimidjian License #PA RB 065098

    Listing office Aegis Realty Partners, Inc.

    Listing date Aug 2, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Aegis Realty Partners, Inc.

    Overview

    Retail Space Near Hollywood Casino

    This commercial property offers retail spaces with 40,000 square feet available. It is located adjacent to the Hollywood Casino at the Meadows, which features a 350,000 square foot casino floor and the Adios Harness Racetrack with year-round racing. The property is situated across from the Tanger Outlets, which includes 76 stores. The location benefits from high traffic volume, with 70,000 average daily traffic on Interstate 79 and 22,000 average daily traffic on Racetrack Road. Additionally, there are 94 luxury apartments adjacent to the retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.2549
    Latitude
    40.1606

    Nearby Similar for Lease

    • Contact for pricing

      Office Space in Senior Center

      Office space with potential access to senior resident patients.
      880 S Main St, South Strabane, PA 15301
      View Details
    • $12/mo

      Retail Space on Jefferson Avenue

      Retail space for lease with high visibility and ample parking.
      940 Jefferson Ave, Washington, PA 15301
      View Details
    • $18/mo

      Downtown Washington Office Building

      Class B office building in downtown Washington, PA for sale.
      90 W Chestnut Street, Washington, PA 15301
      View Details
    • Contact for pricing

      Industrial Buildings with Loading Docks

      Two industrial buildings featuring loading docks and ample storage space.
      252-260 & 259 South College Street, Washington, PA 15301
      View Details
    • Contact for pricing

      Retail Property Available For Lease

      Retail property available for lease with 11,060 square feet.
      1001 Jefferson Avenue, Washington, PA, 15301
      View Details
    • Contact for pricing

      Retail Space in Washington, PA

      2000 SF retail space available for rent.
      502 Washington Rd, Washington, PA
      View Details
    • $17/mo

      325 Meadowlands Blvd

      Single-story office building in Meadowlands Business Park with easy I-79 access.
      325 Meadowlands Blvd Washington, PA 15301, Washington, PA 15301
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      Retail pad site with potential drive-thru in Washington, PA.
      120 Murtland Ave, Washington, PA
      View Details
    • Contact for pricing

      Retail Space Near Major Interchange

      Retail space available near I-70/I-79 interchange in Washington, PA.
      360 Washington Rd, Washington, PA
      View Details
    • Contact for pricing

      Retail Space Near Washington Mall

      Retail space available near I-70/I-79 interchange and Washington Mall.
      250 Oak Spring Rd, Washington, PA
      View Details
    • Contact for pricing

      Industrial Buildings with Laydown Yard

      Two industrial buildings with loading docks and laydown yard.
      259 S College Street, Washington, PA
      View Details
    • $14/mo

      Professional Office Space Available

      Newly renovated office space suitable for medical or standard use.
      400 Jefferson Ave, Washington, PA 15301
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space adjacent to Hollywood Casino and Tanger Outlets.
    Where is this retail space located?
    The property is located at 100 Adios Dr Washington, PA.
    What are key features of this property?
    This property features: Adjacent to Hollywood Casino at the Meadows (350,000 SF Casino Floor); 40,000 SF of Retail Space Available; 94 Luxury Apartments Adjacent
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rick Dimidjian
    Real Estate License ID: PA RB 065098
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!