Convenience Store with Service
For Sale
$399,000
1115 Connellsville Road, Uniontown, PA 15401
CommercialSale, Uniontown, PA
Property Size2,492 SF
Lot Size1.32 Acres
Price / SF$160.11
Days on Market189
Property Features for 1115 Connellsville Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Comm
Zoning description
Comm
Parking
20
Directions
From Uniontown, Connellsville St to Intersection of Connellsville St and Jumonville Coolspring Rd, property on left.
Subdivision
North Union Twp
Standard status
Active
Lot size
1.32 Acres
Taxes and HOA fees
Tax Annual Amount
4449
Listing Agency:
COLDWELL BANKER LAUREL RIDGE REALTY · Coldwell Banker Real Estate
(724) 437-7100
Listed By:
Paul Bortz · License #RM423147
(724) 880-2983
Added: Feb 27
Changed: Sep 4
Last Checked: Sep 4 at 3:06PM
MLS# 1741551
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property at 1115 Connellsville Road includes a 1,012-square-foot convenience store, a 1,480-square-foot service center, and a three-bedroom mobile home. The convenience store and service center are currently operating, and the store is also available for rent on negotiable terms.
The 1.319-acre site formerly operated as an Exxon gas station. Its former canopy, fuel pumps, and tanks have been removed. Commercial zoning supports the property’s existing retail and service-oriented configuration. Located in Uniontown, Pennsylvania, the offering combines multiple improvements on one parcel.
The 1.319-acre site formerly operated as an Exxon gas station. Its former canopy, fuel pumps, and tanks have been removed. Commercial zoning supports the property’s existing retail and service-oriented configuration. Located in Uniontown, Pennsylvania, the offering combines multiple improvements on one parcel.
Key Highlights
- 1.319‑acre commercial property at 1115 Connellsville Road
- 1,012‑square‑foot convenience store currently operating
- 1,480‑square‑foot service center currently operating
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
$26,914
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
6.75%
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%
$538,280
$538.3K
Cap Rate 7%
$384,486
$384.5K
Cap Rate 9%
$299,044
$299.0K
Market Conditions
NOI Build-Up for 2,492 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
$37.4K $15.00/SF
− Vacancy
−$1.5K −$0.60/SF
EGI
$35.9K $14.40/SF
− OpEx
−$9.0K −$3.60/SF
NOI
$26.9K $10.80/SF
Area
Fayette County, PA
Vacancy
4.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$538,280
Cap Rate 7%
$384,486
Cap Rate 9%
$299,044
Alternative Uses
Best Use
Specialty Retail
$384.5K
$336.4K – $448.6K
NOI $26,914 @ 7.0% cap · market cap 6.75%
Second Best
Retail
$334.6K
$292.7K – $390.3K
NOI $23,419 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$634.8K
$555.4K – $740.6K
NOI $44,433 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15401, PA
30,619
Population
15,598
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
91%
High-School Grad
55.4 sq mi
ZIP Area
553
Density / Sq Mi
$52,051
Median Household Income
$40,959
Median Earnings
$761
Median Rent
$151,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Commercial-zoned property combines an operating convenience store, service center, and included three-bedroom mobile home.
Where is this grocery and convenience store located?
The property is located at 1115 Connellsville Road Uniontown, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1.319‑acre commercial property at 1115 Connellsville Road; 1,012‑square‑foot convenience store currently operating; 1,480‑square‑foot service center currently operating
