Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    102 N Main St Greensburg, PA 15601

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Historical commercial building in downtown Greensburg, suitable for various businesses.

    Lot size:
    0.18 Acres

    Property Features for 102 N Main St

    General Information

    Standard status
    Active
    Lot size
    0.18 Acres

    We can help!

    Listing Contact
    Barb Ciampini Rob Keslar
    Source: Exprealty

    Listing Agency: BERKSHIRE HATHAWAY THE PREFERRED REALTY Listing Agent: Barb Ciampini Rob Keslar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Historical Greensburg Commercial Building For Sale

    This historical commercial building, constructed in 1921, is located in downtown Greensburg and is recognized as a contributing building within the city's historic district. The property currently houses a bank, various offices, art studios, and a restaurant. Situated across the alley from the Palace Theater and directly across the street from the Westmoreland County Courthouse, the building offers a prominent location. The seller intends to maintain a row for the back wall that is part of "Art in the Alley".
    Location Intelligence

    Current Use by Public Records

    McElrath Legal Holdings ... Law Firm Bertani Dante G Law Firm Westmoreland Cultural Trust Charitable Organization Carey Busatto Photography Photography Service Margaret Mckinley, PHD Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensburg
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.545593
    Latitude
    40.306144

    Nearby Similar for Sale

    • $175,000
      6,800 SF

      Versatile Building with Flexible Use

      6,800 SF building with flexible options in Greensburg, PA.
      128 N Washington Ave, Greensburg, PA 15601
      View Details
    • New
      $350,000
      Pending

      Hempfield Twp Fourplex Investment

      Well-maintained fourplex in a desirable residential neighborhood.
      206 Downes Rd, Greensburg, PA 15601
      View Details
    • New
      $185,000
      0.06 Acres

      Greensburg Office with Prime Location

      Office building in downtown Greensburg with premium space and parking.
      439 S Maple Ave, Greensburg, PA 15601
      View Details
    • $150,000
      Pending

      Southwest Greensburg Church For Sale

      Charming church with redevelopment potential in a quiet neighborhood.
      533 Sidney St, Greensburg, PA 15601
      View Details
    • $370,000
      1,990 SF

      Restaurant with Apartment and Parking

      Equipped restaurant with apartment, outdoor seating, and ample parking.
      1017 Highland Ave, Greensburg, PA 15601
      View Details
    • $235,000
      Pending

      Greensburg Fourplex Near Seton Hill

      Four-unit apartment building near Seton Hill University and downtown Greensburg.
      302 N Pennsylvania Ave, Greensburg, PA 15601
      View Details
    • Contact for pricing

      Adaptable Building with Sprinkler System

      Sprinklered building offering redevelopment or adaptive reuse potential.
      222 E Pittsburgh St, Greensburg, PA 15601
      View Details
    • $649,900

      Well-Maintained Office Buildings For Sale

      Two connected office buildings in excellent location, well-maintained with ample parking.
      585 Rugh St, Greensburg, PA 15601
      View Details
    • $599,000

      Commercial Building on High-Traffic Location

      Commercial building on 1.43 acres in high-traffic, high-visibility location.
      951 W Pittsburgh St, Greensburg, PA 15601
      View Details
    • $2,850,000

      Class A Office Building Greensburg

      Premier office building on 23.86 acres in Greensburg, PA.
      220 Megawatt Ln, Greensburg, PA 15601
      View Details
    • $2,850,000
      16,717 SF

      Greensburg Office Building with Gym

      Class A office building with gym, conference rooms, and green space.
      4977 State Route 30, Greensburg, PA 15601
      View Details

    FAQs

    What type of property is this?
    Office building - Historical commercial building in downtown Greensburg, suitable for various businesses.
    Where is this office building located?
    The property is located at 102 N Main St Greensburg, PA.
    What are key features of this property?
    This property features: - Located in Greensburg's Downtown Historic District; - Home to a bank, various offices, art studios, and a restaurant; - Built in 1921, a historical commercial building
    (724) 838-3660
    Request Owner's contact information
    102 N Main St Greensburg, PA 15601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 N Main St
    Greensburg, PA 15601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 N Main St Greensburg, PA 15601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Barb Ciampini Rob Keslar
    (724) 838-3660 (412) 367-3200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!