Add Listing
    For Sale
    • 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

    135 Main St Butler, PA 16001

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    High-traffic location, 6 apartments, retail space.

    Property Features for 135 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Nicole Glasgow

    Listing Agency: HOWARD HANNA REAL ESTATE SERVICES Listing Agent: Nicole Glasgow

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

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a well-established, nostalgic storefront and apartment building located at 135 N Main St, Butler, PA. The property sits on a 0.08-acre lot and boasts a prime location with over 20,000 daily vehicles passing by, ensuring high visibility and foot traffic. The commercial storefront space, currently occupied, will become available in February, offering a blank canvas for a new business owner or the potential for continued lease income. The building also includes six fully occupied apartments, providing a consistent rental income stream. This mix of commercial and residential units creates a diversified investment portfolio with significant potential for growth. A one-stall garage offers additional storage space, adding to the property's overall functionality. The asking price for this unique property is $550,000. This is a rare chance to acquire a well-situated property with a proven track record in a thriving area. The combination of a high-traffic location, existing rental income, and the potential for a new commercial tenant makes this an attractive opportunity for savvy investors seeking a strong return on investment. Don't miss out on this chance to own a piece of Butler's history and future.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Book Nook (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    Butler
    State
    Pennsylvania
    Longitude
    -79.89489
    Latitude
    40.8617

    Nearby Similar for Sale

    • $545,000
      Pending

      Income-Producing Mixed-Use Property For Sale

      Mixed-use property with long-term tenants, solid cash flow.
      668 Pittsburgh Rd, Butler, PA 16002
      View Details
    • $649,900
      Pending

      Office Buildings on Route 8

      Two buildings with parking on high-traffic Route 8.
      101 Oak Ridge Dr, Butler, PA 16002
      View Details
    • $1,125,000
      0.06 Acres

      Two Commercial Buildings in Butler

      Two commercial buildings with distinctive architecture and character-rich interiors.
      251/257 S Main St, Butler, PA 16001
      View Details
    • $84,600
      0.06 Acres

      City of But Office Building

      Commercial building in a high-traffic location ready for transformation.
      564 W Cunningham St, Butler, PA 16001
      View Details
    • $1,225,000
      1.48 Acres

      15-Unit Gem in Butler

      Historic 15-unit apartment buildings with renovation potential on 1.48 acres.
      700 S Main St, Butler, PA 16001
      View Details
    • $279,900
      1,762 SF

      Butler Retail/Office Opportunity

      C-2 Zoned property suitable for office, retail, or restaurant.
      770 Pittsburgh Rd, Butler, PA 16002
      View Details
    • $175,000
      3,600 SF

      3600 Sq Ft Retail Building

      3600 sq ft building in downtown area for sale.
      117 N Main St, Butler, PA 16001
      View Details
    • Contact for pricing
      10,000 SF

      Class A Office with Amenities

      Class A office building with gymnasium, kitchen, and parking.
      1737 N Main Street Ext, Butler, PA 16001
      View Details
    • $1,400,000
      12,500 SF

      Freestanding Manufacturing Building with Office

      12,500 SF manufacturing building with office space for sale.
      180 Hollywood Dr, Butler, PA 16001
      View Details
    • $65,000

      Small Brick Building For Sale

      All brick building with street traffic, great for entrepreneurs.
      515 Eau Claire St, Butler, PA 16001
      View Details
    • Contact for pricing
      50,000 SF

      Downtown Office Building For Sale

      Well-positioned office building in the heart of downtown.
      106 S Main St, Butler, PA 16001
      View Details
    • $6,500,000
      200,000 SF

      Industrial Property with Rail Access

      200,000 SF industrial property with heavy power and rail.
      629 E Butler Rd, Butler, PA 16002
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, 6 apartments, retail space.
    Where is this commercial real estate located?
    The property is located at 135 Main St Butler, PA.
    What is the asking price?
    The asking price for this property is $550,000.
    (724) 282-7903
    Request Owner's contact information
    135 Main St Butler, PA 16001
    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.
    135 Main St
    Butler, PA 16001
    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
    135 Main St Butler, PA 16001
    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

    We can help!
    Listing Contact
    Nicole Glasgow
    (724) 282-7903
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!