Heated Commercial Garage with
For Sale
$300,000
907 Airesman Rd, Boswell, PA 15531
Versatile garage property with heated workspace, office space, and substantial parking on a large lot for automotive or light industrial uses.
Property Size3,200 SF
Lot Size7.70 Acres
Price / SF$93.75
Days on Market701
Property Features for 907 Airesman Rd
General Information
Standard status
Active
Size
3,200 SF
Lot size
7.70 Acres
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,039
Listing Agency:
Coldwell Banker Premier
(814) 623-7009
Listed By:
Cheryl McInroy · License #AB068119
(814) 232-0737
Source:
Exprealty
Added: Nov 21, 2024
Changed: Oct 21
Last Checked: Oct 20 at 10:42PM
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 Coldwell Banker Premier
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Investment Insights
Based on property information with market context.
This property features a versatile 40 x 80 commercial garage set on a spacious 7.7+ acre lot. The garage is equipped with in-floor heating and includes a loft office with a storage area and a half bath, plus additional first-floor office space. The site is supported by a car lift and an air compressor, and additional equipment may be negotiable. Outdoor above-ground fuel tanks are included, along with a cement slab already in place to support future building needs.
Access is designed for business operations, with approximately 3 acres of parking and additional room for expansion on the mostly level lot. The property is located near Route 985 and about 8 miles from the PA Turnpike, supporting convenient regional connectivity.
For tenants, buyers, or operators, the combination of heated shop space, built-in office areas, and large-scale parking makes the property well suited to automotive services, light industrial work, or storage-based operations that need room to operate and room to grow. The existing slab and level site provide a straightforward path for considering added improvements, subject to applicable approvals.
Access is designed for business operations, with approximately 3 acres of parking and additional room for expansion on the mostly level lot. The property is located near Route 985 and about 8 miles from the PA Turnpike, supporting convenient regional connectivity.
For tenants, buyers, or operators, the combination of heated shop space, built-in office areas, and large-scale parking makes the property well suited to automotive services, light industrial work, or storage-based operations that need room to operate and room to grow. The existing slab and level site provide a straightforward path for considering added improvements, subject to applicable approvals.
Key Highlights
- 40 x 80 commercial garage on a 7.7+ acre lot, designed for automotive services, light industrial, or storage uses
- In‑floor heating plus a loft office with storage and a half bath, with additional first‑floor office space
- About 3 acres of parking, plus room to expand on a level lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,672
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,440
$373.4K
Cap Rate 7%
$266,743
$266.7K
Cap Rate 9%
$207,467
$207.5K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$28.3K $8.83/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$26.7K $8.34/SF
− OpEx
−$8.0K −$2.50/SF
NOI
$18.7K $5.83/SF
Area
Somerset County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,440
Cap Rate 7%
$266,743
Cap Rate 9%
$207,467
Alternative Uses
Best Use
Retail
$979.1K
$856.8K – $1.14M
NOI $68,540 @ 7.0% cap · market cap 22.85%
Second Best
Industrial
$266.7K
$233.4K – $311.2K
NOI $18,672 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.01M
$887.0K – $1.18M
NOI $70,963 @ 7.0% cap · market cap 23.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15531, PA
3,614
Population
1,907
Households
1.9
Avg Household Size
47
Median Age
17%
College-Educated
90%
High-School Grad
60.9 sq mi
ZIP Area
59
Density / Sq Mi
$52,955
Median Household Income
$35,247
Median Earnings
$680
Median Rent
$122,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile garage property with heated workspace, office space, and substantial parking on a large lot for automotive or light industrial uses.
Where is this flex space located?
The property is located at 907 Airesman Rd Boswell, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 40 x 80 commercial garage on a 7.7+ acre lot, designed for automotive services, light industrial, or storage uses; In‑floor heating plus a loft office with storage and a half bath, with additional first‑floor office space; About 3 acres of parking, plus room to expand on a level lot
