Office and Garage Flex
For Sale
Contact for pricing
1199 MERCHANT ST AMBRIDGE PA 15003, Ambridge, PA 15003
Office and garage configuration on Merchant Street, suited for service, automotive, storage, or professional operations.
Property Size1,632 SF
Lot Size0.22 Acres
Price / SF$121.94
Days on Market101
Property Features for 1199 MERCHANT ST AMBRIDGE PA 15003
General Information
Standard status
Active
Size
1,632 SF
Lot size
0.22 Acres
Property subtype
Retail, Mixed Use, Special Purpose
Zoning
Midtown District (MID)
Investment Type
Owner/User
Building Details
Year Built
1971
Year Renovated
2025
Buildings
2
Listing Agency:
Engel & Völkers Sewickley
Listed By:
Keith Scheidemantle · License #RS318056
(412) 206-5550
Source:
Crexi
Added: Jun 12
Changed: Sep 9
Last Checked: Sep 20 at 7:32AM
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 Engel & Völkers Sewickley
Investment Insights
Based on property information with market context.
This property includes an existing commercial building arranged with office space and garage area, supported by a land component of approximately 9,762 square feet. The overall office-and-garage layout lends itself to a range of service-oriented and light commercial uses, including professional offices, contractor operations, workshop activity, storage, or automotive-related business models.
Situated along Merchant Street in Ambridge’s Midtown District, the site is positioned within an established commercial setting. The property is described as providing convenient access to Route 65, Pittsburgh International Airport, and the greater Pittsburgh metropolitan area. The remarks also note that Midtown District zoning is flexible and supports a variety of commercial uses, which may be helpful for businesses evaluating how they want to operate now or plan for future changes.
For owner-users and tenants, the combination of office and garage space can support day-to-day operations in one location, with room for a service workflow alongside administrative space. For contractors, service providers, and storage-oriented users, the building configuration is designed to accommodate practical work and access needs. Investors and redevelopment-minded buyers can also review the site as a potential candidate for future adaptation, subject to confirmed zoning details, floor plans, and utility information from the listing agent.
Situated along Merchant Street in Ambridge’s Midtown District, the site is positioned within an established commercial setting. The property is described as providing convenient access to Route 65, Pittsburgh International Airport, and the greater Pittsburgh metropolitan area. The remarks also note that Midtown District zoning is flexible and supports a variety of commercial uses, which may be helpful for businesses evaluating how they want to operate now or plan for future changes.
For owner-users and tenants, the combination of office and garage space can support day-to-day operations in one location, with room for a service workflow alongside administrative space. For contractors, service providers, and storage-oriented users, the building configuration is designed to accommodate practical work and access needs. Investors and redevelopment-minded buyers can also review the site as a potential candidate for future adaptation, subject to confirmed zoning details, floor plans, and utility information from the listing agent.
Key Highlights
- Commercial property on Merchant Street in Ambridge’s Midtown District with office and garage configuration
- Existing office and garage space suited for a variety of service, automotive, storage, and professional uses
- Approximately 9,762 SF land with an existing commercial building
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
$11,416
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
5.74%
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%
$228,320
$228.3K
Cap Rate 7%
$163,086
$163.1K
Cap Rate 9%
$126,844
$126.8K
Market Conditions
NOI Build-Up for 1,632 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
$18.6K $11.40/SF
− Vacancy
−$1.0K −$0.64/SF
EGI
$17.6K $10.76/SF
− OpEx
−$6.1K −$3.77/SF
NOI
$11.4K $7.00/SF
Area
Beaver County, PA
Vacancy
5.60%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
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%
$228,320
Cap Rate 7%
$163,086
Cap Rate 9%
$126,844
Alternative Uses
Best Use
Office B
$297.8K
$260.6K – $347.5K
NOI $20,848 @ 7.0% cap · market cap 10.48%
Second Best
Flex RnD
$163.1K
$142.7K – $190.3K
NOI $11,416 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$415.7K
$363.7K – $485.0K
NOI $29,099 @ 7.0% cap · market cap 14.62%
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
547
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15003, PA
11,672
Population
5,955
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
6.0 sq mi
ZIP Area
1,945
Density / Sq Mi
$57,943
Median Household Income
$37,946
Median Earnings
$886
Median Rent
$119,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and garage configuration on Merchant Street, suited for service, automotive, storage, or professional operations.
Where is this flex space located?
The property is located at 1199 MERCHANT ST AMBRIDGE PA 15003 Ambridge, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Commercial property on Merchant Street in Ambridge’s Midtown District with office and garage configuration; Existing office and garage space suited for a variety of service, automotive, storage, and professional uses; Approximately 9,762 SF land with an existing commercial building
