Warehouse with Finished Lower
For Sale
Contact for pricing
1112 Washington Avenue, Tyrone, PA 16686
Commercial building with a finished lower floor and tall-ceiling upper-level space.
Property Size4,880 SF
Price / SF$5.10
Days on Market54
Property Features for 1112 Washington Avenue
General Information
Standard status
Active
Size
4,880 SF
Taxes and HOA fees
Annual Taxes
$975
Listing Agency:
Joyce T Phillips Real Estate
(814) 684-2000
Listed By:
James Phillips · License #RM421103
(814) 932-7693
Source:
Exprealty
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 26 at 9:17PM
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 Joyce T Phillips Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,880-square-foot warehouse at 1112 Washington Avenue includes a finished lower level and an upper floor with 20-foot ceilings. The two-level configuration provides distinct areas within the building, including space suited to workshop or warehouse use.
The property is in Tyrone, Pennsylvania, and has previously served as a Civil War hospital and a church. Its existing configuration and documented prior uses provide a substantial commercial structure for continued warehouse or workshop applications.
The property is in Tyrone, Pennsylvania, and has previously served as a Civil War hospital and a church. Its existing configuration and documented prior uses provide a substantial commercial structure for continued warehouse or workshop applications.
Key Highlights
- 4,880‑square‑foot warehouse building
- Upper floor features 20‑foot ceilings
- Finished lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$414,909
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,298,180
$8.3M
Cap Rate 7%
$5,927,271
$5.9M
Cap Rate 9%
$4,610,100
$4.6M
Market Conditions
NOI Build-Up for 4,880 SF
Gross rent
$517.1K $105.96/SF
− Vacancy
−$29.0K −$5.93/SF
EGI
$488.1K $100.03/SF
− OpEx
−$73.2K −$15.00/SF
NOI
$414.9K $85.02/SF
Area
Blair County, PA
Vacancy
5.60%
Lease Rate
$105.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,298,180
Cap Rate 7%
$5,927,271
Cap Rate 9%
$4,610,100
Alternative Uses
Best Use
Warehouse
$5.93M
$5.19M – $6.92M
NOI $414,909 @ 7.0% cap · market cap 1,666.30%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 16686, PA
13,861
Population
5,919
Households
2.3
Avg Household Size
44
Median Age
20%
College-Educated
92%
High-School Grad
146.9 sq mi
ZIP Area
94
Density / Sq Mi
$65,641
Median Household Income
$37,422
Median Earnings
$806
Median Rent
$166,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Tyrone Mini Storage — 416-18 5th St, Tyrone, PA 16686
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial building with a finished lower floor and tall-ceiling upper-level space.
Where is this warehouse located?
The property is located at 1112 Washington Avenue Tyrone, PA.
What are key features of this property?
This property features: 4,880‑square‑foot warehouse building; Upper floor features 20‑foot ceilings; Finished lower level
