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

    2359 Freeport Rd Kittanning, PA 16201

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $225,000

    Spacious Office Building, 1.4 Acres, Elevator

    Property Features for 2359 Freeport Rd

    General Information

    Property type
    Office properties & Spaces
    Lot Size
    60,984 SF

    Building Details

    Year Built
    1963

    We can help!

    Listing Contact
    Chris Remaley

    Listing Agency: ALLEGHENY REAL ESTATE SERVICES, INC. Listing Agent: Chris Remaley

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

    Learn more

    Property Insight Report

    Overview

    This well-maintained, two-story office building presents a fantastic opportunity for expansion or relocation. Located at 2359 Freeport Road in Kittanning, Pennsylvania, this property sits on a generous 1.4-acre lot and offers ample space for a growing business. The main floor boasts seven individual offices, a sizable reception area perfect for client interaction, and a dedicated conference room ideal for meetings and presentations. The layout is designed for efficiency and productivity. The lower level provides additional space with four more offices, another conference room, and extensive storage areas, offering flexibility for various business needs. The building includes a convenient elevator, ensuring accessibility throughout both floors. Currently in use and meticulously maintained, this property is move-in ready and requires minimal investment before occupancy. The asking price is $225,000. This is an exceptional opportunity to acquire a substantial and functional office building in a desirable location. The property's size and features make it suitable for a variety of professional uses. Serious inquiries are encouraged to explore this promising investment. Contact us today to schedule a viewing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Kittanning
    County
    Armstrong
    State
    Pennsylvania
    Longitude
    -79.5542
    Latitude
    40.80642

    Nearby Similar for Sale

    • $795,000
      18,000 SF

      Versatile Commercial Building with Showroom

      18,000 SF commercial building with showroom, offices, and warehouse.
      151 Walnut St, Kittanning, PA 16201
      View Details
    • $279,900
      0.17 Acres

      Kittanning Boro Office Building

      Four office suites in the heart of Kittanning Boro, PA.
      262 S Water St, Kittanning, PA 16201
      View Details
    • $800,000
      Pending

      Established Assisted Living Facility

      Operating assisted living facility with growth potential in Kittanning, PA.
      111 Altmeyer Dr, Kittanning, PA 16201
      View Details
    • $399,000
      4.49 Acres

      Former School Building with Auditorium

      Spacious building with auditorium, gymnasium, and shop, ready for redevelopment.
      1200 Orr Ave, Kittanning, PA 16201
      View Details
    • $218,000
      2,240 SF

      Route 422 Commercial Property

      High-visibility commercial property on Route 422 with secure outdoor storage.
      12412 Us Route 422, Kittanning, PA 16201
      View Details
    • $425,000

      Kittanning Commercial Building For Sale

      Commercial building with office and open space, rental income potential.
      201 N Jefferson St, Kittanning, PA 16201
      View Details
    • $399,900

      Retail Property with High Visibility

      Well-maintained retail building with parking and additional storage space.
      200 Water St, Kittanning, PA 16201
      View Details
    • Contact for pricing
      4,700 SF

      Cold Storage Warehouse on Acreage

      4,700 SF cold storage with paved parking and access.
      162 Glade Dr, Kittanning, PA 16201
      View Details
    • Contact for pricing

      Turnkey Salon Opportunity on Highway

      Established salon business for sale with loyal clientele since 1989.
      245 Butler Rd, Kittanning, PA 16201
      View Details
    • Contact for pricing
      3.51 Acres

      Kittanning Industrial Space For Lease

      Customizable 30,000 sqft industrial space in West Hills.
      77-87 Glade Dr, Kittanning, PA 16201
      View Details
    • $159,900
      2.32 Acres

      Kittanning Business Opportunity: 2.3 Acres

      Spacious building, high ceilings, ample parking, great visibility.
      11018 State Route 85, Kittanning, PA 16201
      View Details
    • $425,000
      0.69 Acres

      201 Jefferson St, Kittanning, PA 16201

      Industrial properties • 0.69 Acres
      201 Jefferson St, Kittanning, PA 16201
      View Details

    FAQs

    What type of property is this?
    Office property - Spacious Office Building, 1.4 Acres, Elevator
    Where is this office property located?
    The property is located at 2359 Freeport Rd Kittanning, PA.
    What is the asking price?
    The asking price for this property is $225,000.
    (724) 548-5464
    Request Owner's contact information
    2359 Freeport Rd Kittanning, PA 16201
    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.
    2359 Freeport Rd
    Kittanning, PA 16201
    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
    2359 Freeport Rd Kittanning, PA 16201
    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
    Chris Remaley
    (724) 548-5464
    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!