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

    560 Washington St Meadville, PA 16335

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $389,000

    Retail property with high visibility and accessibility in Meadville, PA.

    We can help!

    Listing Contact
    Andreas Kamouyerou, Ccim
    Andreas Kamouyerou, Ccim
    Source: Svn

    Listing Agency: SVN | Three Rivers Commercial Advisors Listing Agent: Andreas Kamouyerou, Ccim

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

    Learn more

    Overview

    Retail Property at High-Traffic Intersection

    This retail property is located at 560 Washington St in Meadville, PA. The property benefits from its location at a 5-way traffic light intersection, providing high visibility and accessibility. The current tenant is Verna Discount & Grocery. A new metal roof has been installed. The location is one mile from Allegheny College. Traffic counts are 7,899 ADT on Washington St, 300 ADT on Grant St, and 596 ADT on E State St.
    Location Intelligence

    Current Use by Public Records

    Verna's Discount Grocery ... Grocery & Convenience Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Meadville
    County
    Crawford
    State
    Pennsylvania
    Longitude
    -80.14006
    Latitude
    41.640266

    Nearby Similar for Sale

    • $112,000
      1,216 SF

      Mixed-Use Property in Meadville, PA

      Mixed-use property with income potential in high-traffic Meadville area.
      859 Park Avenue Ext, Meadville, PA 16335
      View Details
    • $1,775,000
      5,500 SF

      Turn-Key Golf Course and Bar

      Operating golf course and bar/restaurant with included equipment and real estate.
      562 Park Ave E, Meadville, PA 16335
      View Details
    • $179,900
      11,088 SF

      Meadville Commercial Building For Sale

      Two-story commercial building in downtown Meadville, near I-79.
      215-217 Arch St, Meadville, PA 16335
      View Details
    • $1,999,900
      122,336 SF

      Meadville Commercial Property For Sale

      122,336 SF warehouse, industrial, manufacturing space near I-79.
      10921 Murray Rd, Meadville, PA 16335
      View Details
    • $124,900
      1,923 SF

      Well-Maintained Duplex Near Downtown

      Spacious duplex with strong rental history and updated features.
      153-155 Glenwood Ave, Meadville, PA 16335
      View Details
    • $224,900
      5,092 SF

      Meadville Mixed-Use Investment Opportunity

      Mixed-use property with office and apartments in prime location.
      307 Walnut St, Meadville, PA 16335
      View Details
    • $169,000
      1,440 SF

      Meadville Fourplex Investment Opportunity

      Four furnished efficiency apartments near North St & N. Main.
      328 Wallace St, Meadville, PA 16335
      View Details
    • $650,000
      7,313 SF

      Established Restaurant with Development Potential

      Turn-key restaurant with apartments and development space in Meadville.
      283 Chestnut St, Meadville, PA 16335
      View Details
    • $389,000
      3,375 SF

      Retail Property with Grocery Tenant

      Retail property with existing tenant and high traffic location.
      560 Washington St, Meadville, PA 16335
      View Details
    • $2,399,500
      26,559 SF

      Econo Lodge Near I-79

      63-room hospitality property near I-79 in Meadville, PA.
      11237 Shaw Ave, Meadville, PA 16335
      View Details
    • Contact for pricing

      Industrial Facility in Crawford County

      Light industrial facility in move-in condition within Crawford County.
      Meadville, PA 16335
      View Details
    • $2,200,000
      21,926 SF

      Industrial Facility in Crawford County

      Light industrial facility in move-in condition for sale.
      58501 Mosiertown Rd, Meadville, PA 16335
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Retail property with high visibility and accessibility in Meadville, PA.
    Where is this grocery and convenience store located?
    The property is located at 560 Washington St Meadville, PA.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: - Prime location at a 5-way traffic light intersection, providing high visibility and accessibility; - New metal roof; - Located one mile from Allegheny College
    (724) 825-0888
    Request Owner's contact information
    560 Washington St Meadville, PA 16335
    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.
    560 Washington St
    Meadville, PA 16335
    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
    560 Washington St Meadville, PA 16335
    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
    Andreas Kamouyerou, Ccim
    Andreas Kamouyerou, Ccim
    Real Estate License ID: #RS340004
    (724) 825-0888 (412) 535-8050 (412) 535-8062
    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!