Development Site with Two Curb
For Sale
Contact for pricing
1104 Washington Pike, Bridgeville, PA 15017
Development site on a major retail thoroughfare with two existing curb cuts for retail or service concepts.
Property Size2,554 SF
Lot Size0.50 Acres
Price / SF$350.43
Days on Market990
Property Features for 1104 Washington Pike
General Information
Standard status
Active
Size
2,554 SF
Lot size
0.50 Acres
Property subtype
RETAIL
Listing Agency:
JLL | Pittsburgh
(412) 208-8382
Listed By:
Justin Walbert · License #PA RS339879
(724) 884-5050
Source:
Moodyscre
Added: Feb 13, 2024
Changed: Oct 26
Last Checked: Oct 28 at 7:42AM
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 JLL | Pittsburgh
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
±0.5-acre development site along Route 50 positioned for retail use, with excellent visibility and two existing curb cuts. The owner will consider either a sale or a ground lease.
The site sits opposite the entrance to Great Southern shopping center, benefiting from its position on a major retail thoroughfare with regional draw.
This configuration is supported by the presence of two curb cuts and the site’s visibility, making it a practical option for QSR or service retail.
The site sits opposite the entrance to Great Southern shopping center, benefiting from its position on a major retail thoroughfare with regional draw.
This configuration is supported by the presence of two curb cuts and the site’s visibility, making it a practical option for QSR or service retail.
Key Highlights
- Prime +/- 0.5 ac development site along Route 50
- Located on a major retail thoroughfare with regional draw
- Directly opposite the entrance to Great Southern Shopping Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,767
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,340
$595.3K
Cap Rate 7%
$425,243
$425.2K
Cap Rate 9%
$330,744
$330.7K
Market Conditions
NOI Build-Up for 2,554 SF
Gross rent
$46.0K $18.00/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$42.5K $16.65/SF
− OpEx
−$12.8K −$5.00/SF
NOI
$29.8K $11.66/SF
Area
Allegheny County, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,340
Cap Rate 7%
$425,243
Cap Rate 9%
$330,744
Alternative Uses
Best Use
Retail
$425.2K
$372.1K – $496.1K
NOI $29,767 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$650.5K
$569.2K – $759.0K
NOI $45,538 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
443k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 25%
Groceries 16%
Apparel 9%
Giant Eagle Supermarket
Groceries
43,576 visits/mo
0.2 miles
Chick-fil-A
Dining
35,836 visits/mo
0.2 miles
Five Below
Shops & Services
31,905 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
30,902 visits/mo
0.4 miles
Big Lots
Superstores
25,445 visits/mo
0.1 miles
Demographics for 15017, PA
16,971
Population
8,388
Households
2
Avg Household Size
45
Median Age
50%
College-Educated
97%
High-School Grad
12.2 sq mi
ZIP Area
1,391
Density / Sq Mi
$83,611
Median Household Income
$54,958
Median Earnings
$1,099
Median Rent
$238,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Development site on a major retail thoroughfare with two existing curb cuts for retail or service concepts.
Where is this commercial land located?
The property is located at 1104 Washington Pike Bridgeville, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prime +/- 0.5 ac development site along Route 50; Located on a major retail thoroughfare with regional draw; Directly opposite the entrance to Great Southern Shopping Center
