Sign Up Successful!
You now have access to more from Realmo!
    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

    259 Crawford Ave Connellsville, PA 15425

    Sponsored
    For Sale
    $206,000

    Versatile Office & Warehouse Space, Ample Parking

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    363
    This exceptional Connellsville property presents a unique investment opportunity, boasting a substantial 10,210 square foot building encompassing both office and warehouse space. The building is situated on a 0.37-acre lot and offers extensive parking, accommodating approximately 25 vehicles (21 rear, 4 front). The office area is conveniently divided into two floors, each equipped with its own gas-forced air furnace for efficient heating. Cooling is provided by a central air conditioning system. The warehouse/garage area features a separate gas space heater, ensuring optimal temperature control in all sections of the building. A reliable generator is also included, providing backup power during outages. The property's versatile layout and ample parking make it ideal for a variety of businesses seeking a combination of office and storage space. The building's robust infrastructure and convenient features make it a highly attractive option for entrepreneurs and established companies alike. This is a rare opportunity to acquire a well-maintained, functional property in a desirable Connellsville location. The asking price is $206,000.

    Property Features for 259 Crawford Ave

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    16,117 SF

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Dennis Martin

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Connellsville
    County
    Fayette
    State
    Pennsylvania
    Longitude
    -79.58462
    Latitude
    40.01912

    Nearby Similar for Sale

    • $940,000
      0.72 Acres

      Connellsville Commercial Property Near Hospital

      Two modern buildings suitable for medical, office, or industrial use.
      424 E Gibson Ave, Connellsville, PA 15425
      View Details
    • $169,900
      0.05 Acres

      Mixed-Use Building in Connellsville, PA

      Mixed-use building with medical facility and residential rental potential.
      118 S Pittsburgh St, Connellsville, PA 15425
      View Details
    • New
      $149,900
      1,194 SF

      Mixed-Use Property in Downtown Connellsville

      Mixed-use property ideal for investors, entrepreneurs, or owner occupants.
      806 W Crawford Ave Ue, Connellsville, PA 15425
      View Details
    • $320,000
      0.58 Acres

      Former Restaurant with FF&E

      Restaurant property for sale with furniture, fixtures, and equipment.
      1701 Buttermore Blvd, Connellsville, PA 15425
      View Details
    • $97,500
      0.13 Acres

      Updated Office in Central Connellsville

      Updated office building located in the central business area.
      102 Arch St, Connellsville, PA 15425
      View Details
    • $275,000
      0.31 Acres

      Downtown Connellsville Commercial Opportunity

      Versatile commercial property with apartments, bar, kitchen, and parking.
      615 Pittsburgh St, Connellsville, PA 15425
      View Details
    • $195,000
      Pending

      Connellsville Office Building on Acreage

      Office building on 5+ acres in a country setting.
      323 Breakneck Rd, Connellsville, PA 15425
      View Details
    • $475,000
      0.25 Acres

      Commercial Property with Multiple Parcels

      Three parcels including office, warehouse, and residential rentals on Route 119.
      1404 Memorial Blvd, Connellsville, PA 15425
      View Details
    • $429,000
      12,400 SF

      Mixed-Use Building in Connellsville

      Mixed-use commercial and residential building with income-generating potential.
      115 E Peach St, Connellsville, PA 15425
      View Details
    • $399,900

      Mixed-Use Building Near Allegheny Passage

      Mixed-use commercial and residential building near the Allegheny Passage Trail.
      1 Zia Maria Way, Connellsville, PA 15425
      View Details
    • $99,000

      Downtown Connellsville Commercial Building

      Three-story commercial building with leasing opportunities in downtown Connellsville.
      201 N Pittsburgh St, Connellsville, PA 15425
      View Details
    • $115,000

      Downtown Connellsville Commercial Building

      Three-story commercial building in downtown Connellsville, great investment opportunity.
      201 N Pittsburgh St, Connellsville, PA 15425
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Versatile Office & Warehouse Space, Ample Parking
    Where is this office property / space located?
    The property is located at 259 Crawford Ave Connellsville, PA.
    What is the asking price?
    The asking price for this property is $206,000.
    (724) 628-7200
    Request Owner's contact information
    259 Crawford Ave Connellsville, PA 15425
    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.
    259 Crawford Ave
    Connellsville, PA 15425
    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
    259 Crawford Ave Connellsville, PA 15425
    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
    Dennis Martin
    (724) 628-7200
    Learn more
    Google sign-in failed. Please try again or use another login method.