Three-Unit Mixed-Use
For Sale
$349,900
1322 Monastery Drive, Latrobe, PA 15650
Separate suites include finished office space, an open interior ready for customization, and a tenant-occupied unit.
Property Size3,800 SF
Price / SF$92.08
Days on Market26
Property Features for 1322 Monastery Drive
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
27
Property subtype
Commercial
Zoning
R2, R2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,973
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
SCALISE REAL ESTATE
Listed By:
Ryan Scalise
(724) 539-3525
Source:
Indianlakerealty
Added: Oct 8
Changed: Oct 30
Last Checked: Oct 30 at 2:35PM
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 SCALISE REAL ESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains three units totaling approximately 3,800 square feet. Unit A provides 1,447 square feet of office space with three private offices, two bathrooms, a reception area, storage, and a kitchen. Unit B has 1,222 square feet of open space. Unit C comprises 600 square feet and is currently occupied by a tenant. The building has a newer roof, and the parking lot provides 27 spaces on a corner lot of more than half an acre.
Zoning is listed as R2. The three-unit configuration combines an office suite, open space, and an occupied unit within one property.
Zoning is listed as R2. The three-unit configuration combines an office suite, open space, and an occupied unit within one property.
Key Highlights
- Three units totaling approximately 3,800 square feet
- Unit A: 1,447 square feet with three private offices, two bathrooms, reception, storage, and kitchen
- Unit B: 1,222 square feet of open interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,797
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,940
$395.9K
Cap Rate 7%
$282,814
$282.8K
Cap Rate 9%
$219,967
$220.0K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$33.6K $8.83/SF
− Vacancy
−$1.9K −$0.49/SF
EGI
$31.7K $8.34/SF
− OpEx
−$11.9K −$3.13/SF
NOI
$19.8K $5.21/SF
Area
Westmoreland County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,940
Cap Rate 7%
$282,814
Cap Rate 9%
$219,967
Alternative Uses
Best Use
Mixed Use
$282.8K
$247.5K – $330.0K
NOI $19,797 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$967.9K
$846.9K – $1.13M
NOI $67,754 @ 7.0% cap · market cap 19.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 15650, PA
26,523
Population
12,294
Households
2.2
Avg Household Size
47
Median Age
30%
College-Educated
95%
High-School Grad
74.2 sq mi
ZIP Area
357
Density / Sq Mi
$63,314
Median Household Income
$38,500
Median Earnings
$824
Median Rent
$175,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate suites include finished office space, an open interior ready for customization, and a tenant-occupied unit.
Where is this mixed-use property located?
The property is located at 1322 Monastery Drive Latrobe, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three units totaling approximately 3,800 square feet; Unit A: 1,447 square feet with three private offices, two bathrooms, reception, storage, and kitchen; Unit B: 1,222 square feet of open interior space
