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 Market944
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 #RS339879
(724) 884-5050
Source:
Moodyscre
Added: Feb 13, 2024
Changed: Sep 12
Last Checked: Sep 13 at 10:31AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,767
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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
Questions? Ask Rey
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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
