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

    1245 Washington Rd Canonsburg, PA 15317

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,000,000

    High-traffic retail space with residence.

    Property Features for 1245 Washington Rd

    General Information

    Property type
    Retail properties & Spaces
    Lot Size
    52,272 SF

    We can help!

    Listing Contact
    Jaime Bongiorno-Deyarmin

    Listing Agency: Realty ONE Group Gold Standard Listing Agent: Jaime Bongiorno-Deyarmin

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

    Learn more

    Overview

    This exceptional 1.2-acre property at 1245 Washington Road in Canonsburg, PA, presents a unique investment opportunity. The main structure offers 3,500 square feet of versatile specialty garage/warehouse space, ideal for a variety of businesses. Multiple drive-in doors provide convenient access for loading and unloading, while the inclusion of restrooms with a shower caters to employee needs. A mezzanine office provides additional workspace, and the temperature-controlled environment ensures optimal storage conditions. The property's strategic location on Route 19, a high-traffic thoroughfare with 18,000 vehicles passing daily, guarantees significant visibility and accessibility. Two existing curb cuts on Route 19 further enhance convenience. Adding to the property's appeal is a comfortable 3-bedroom, 2.5-bathroom residence included in the sale. The master bathroom features a spa tub, offering a luxurious retreat. This combined commercial and residential property presents a rare opportunity to acquire a substantial asset in a prime location, offering both income potential and comfortable living quarters. The asking price is $1,000,000. This property is ready for immediate occupancy and presents a unique opportunity for a savvy investor or business owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Canonsburg
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.12767
    Latitude
    40.27179

    Nearby Similar for Sale

    • New
      $190,000
      0.07 Acres

      Duplex in Canonsburg, PA

      Well-located duplex with strong rental history near Southpointe Business Park.
      424 Euclid Ave, Canonsburg, PA 15317
      View Details
    • $400,000

      Professional Office Building For Sale

      Prime Canonsburg location suitable for office, medical, or service businesses.
      130 Cecil St, Canonsburg, PA 15317
      View Details
    • $400,000

      Professional Office Building in Canonsburg

      Functional office space suitable for professional, medical, or service-oriented businesses.
      130 Cecil St, Canonsburg, PA 15317
      View Details
    • Contact for pricing

      Class A Office Overlooking Golf

      Class A office building with long-term tenants and improved access.
      130 Technology Dr, Canonsburg, PA 15317
      View Details
    • $2,500,000

      Retail Space For Sale

      9,150 SF retail space available for purchase.
      110 W Mcmurray Rd, Canonsburg, PA 15317
      View Details
    • Contact for pricing

      Versatile Flex Property in Canonsburg

      Flex property with offices, warehouse, shop, and outdoor storage.
      6 Four Coins Dr, Canonsburg, PA 15317
      View Details
    • $2,500,000

      Retail Space For Sale

      9,150 SF retail space available for purchase.
      110 W Mcmurray Rd, Canonsburg, PA 15317
      View Details
    • Contact for pricing

      Class A Office Overlooking Golf

      Class A office building with long-term tenants and improved access.
      130 Technology Dr, Canonsburg, PA 15317
      View Details
    • Contact for pricing

      Historic Building in Prime Location

      Charming 4,672 SF building in Canonsburg's heart.
      207 Adams Ave, Canonsburg, PA 15317
      View Details
    • $1,600,000

      Canonsburg Office Building with Storage

      Office building with multiple units and ample storage space.
      560 W Pike St, Canonsburg, PA 15317
      View Details
    • Contact for pricing
      6,400 SF

      High-Visibility Retail Space Available

      End-cap retail space in downtown Canonsburg with pharmacy infrastructure.
      25 East Pike St, Canonsburg, PA 15317
      View Details
    • $2,500,000
      9,150 SF

      Retail Space For Sale

      9,150 SF retail space available for purchase.
      110 W Mcmurray Rd, Canonsburg, PA 15317
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail space with residence.
    Where is this retail property located?
    The property is located at 1245 Washington Rd Canonsburg, PA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (724) 941-1427
    Request Owner's contact information
    1245 Washington Rd Canonsburg, PA 15317
    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.
    1245 Washington Rd
    Canonsburg, PA 15317
    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
    1245 Washington Rd Canonsburg, PA 15317
    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
    Jaime Bongiorno-Deyarmin
    Real Estate License ID: RS287704
    (724) 941-1427
    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!