Former Bank in Retail
2640 Monroeville Blvd Monroeville, PA 15146
2640 Monroeville Blvd, Monroeville, PA, 15146
$1,100,000
For Sale
$1,100,000
9,108 SF former bank with drive-thru and ample parking.
Property Size9,108 SF
Price / SF$120.77
Days on Market137
Property Features for 2640 Monroeville Blvd
General Information
- Standard status
- Active
- Size
- 9,108 SF
- Property subtype
- Office
Listing agency
SVN | Three Rivers Commercial Advisors
(412) 298-2236
Listed by
Richard L. Beynon · License #PA #AB068671
Source
Svn
Added: Mar 6 Updated: Jul 6 at 10:49AM Checked: Jul 21 at 6:40AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
The property at 2640 Monroeville Blvd in Monroeville, PA, is a former bank building consisting of 9,108 square feet over two floors. It is strategically situated in a high-traffic retail corridor and includes a drive-thru. The site provides ample parking with 40 surface spaces. The property has 224 feet of frontage on Monroeville Blvd, offering visibility and accessibility. The roof was replaced in 2019. This property is suitable for retail investors.
Key Highlights
- High‑traffic location in a retail corridor
- Ample parking with 40 surface spaces
- Exceptional visibility with 224 feet of frontage on Monroeville Blvd
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.8k | $13.92 |
| − Vacancy | −$6.3k | −$0.70 |
| EGI | $120.4k | $13.22 |
| − OpEx | −$30.1k | −$3.31 |
| NOI | $90.3k | $9.92 |
9,108 SF · lease $13.92/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,154 @ 7.0% cap · market cap 9.65%
Second Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,333 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,396 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Standard Bank ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - 9,108 SF former bank with drive-thru and ample parking.
Where is this bank located?
The property is located at 2640 Monroeville Blvd Monroeville, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High‑traffic location in a retail corridor; Ample parking with 40 surface spaces; Exceptional visibility with 224 feet of frontage on Monroeville Blvd
