Mixed-Use Property with
112 Alexander Avenue, Greensburg, PA 15601
For Sale
$550,000
Former chiropractic offices include three rooms and a half bath in remodeled space above the detached garage.
Property Size7,500 SF
Price / SF$73.33
Days on Market130
Property Features for 112 Alexander Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
in-ground pool
detached garage
Building Details
Year Built
Buildings
Building Size
Listing Agency:
BERKSHIRE HATHAWAY THE PREFERRED REALTY
Listed By:
Pat Crawford · License PA RS308622
(724) 838-3660
Source:
Indianlakerealty
Added: Jul 6
Changed: Nov 11
Last Checked: Nov 11 at 7:47PM
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 BERKSHIRE HATHAWAY THE PREFERRED REALTY
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Investment Insights
Based on property information with market context.
Built in 1907 as a residence for Senator Curtis Gregg, this 7,500-square-foot property is configured for commercial use. The first floor retains original woodwork, leaded-glass windows, and hardwood flooring. A remodeled addition above the detached two-car garage provides three rooms and a half bath, with a connection to the office area. Recent work includes a roof replacement on the addition and rear porch, a new main sewer stack, and plumbing updates in the second-floor bathroom. A private in-ground pool and parking lot with approximately 10 spaces are also on site; on-street parking is available nearby.
The property is at 112 Alexander Avenue in Greensburg, three blocks from Independence Health System Westmoreland Hospital. It is within the Health Care Overlay District and carries R2 zoning. The described configuration supports commercial office use, with additional rooms above the garage and a detached two-car garage on the property.
The property is at 112 Alexander Avenue in Greensburg, three blocks from Independence Health System Westmoreland Hospital. It is within the Health Care Overlay District and carries R2 zoning. The described configuration supports commercial office use, with additional rooms above the garage and a detached two-car garage on the property.
Key Highlights
- 7,500‑square‑foot mixed‑use property built in 1907
- Three rooms and a half bath in the remodeled addition above the garage
- Detached two‑car garage and private parking lot with approximately 10 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,073
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,460
$781.5K
Cap Rate 7%
$558,186
$558.2K
Cap Rate 9%
$434,144
$434.1K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$66.2K $8.83/SF
− Vacancy
−$3.7K −$0.49/SF
EGI
$62.5K $8.34/SF
− OpEx
−$23.4K −$3.13/SF
NOI
$39.1K $5.21/SF
Area
Westmoreland County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,460
Cap Rate 7%
$558,186
Cap Rate 9%
$434,144
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,810 @ 7.0% cap · market cap 17.42%
Second Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,258 @ 7.0% cap · market cap 16.05%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,726 @ 7.0% cap · market cap 24.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,795
Businesses Nearby
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Business Placement
Demographics for 15601, PA
57,141
Population
25,978
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
96%
High-School Grad
80.6 sq mi
ZIP Area
709
Density / Sq Mi
$75,369
Median Household Income
$41,485
Median Earnings
$868
Median Rent
$209,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Former chiropractic offices include three rooms and a half bath in remodeled space above the detached garage.
Where is this mixed-use property located?
The property is located at 112 Alexander Avenue Greensburg, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 7,500‑square‑foot mixed‑use property built in 1907; Three rooms and a half bath in the remodeled addition above the garage; Detached two‑car garage and private parking lot with approximately 10 spaces
