Live-Work Building with
For Sale
$179,900
129 Laurel Dr, Hastings, PA 16646
Two-level commercial property with a second-floor residence, unfinished basement, and paved parking on a sizable site.
Property Size2,016 SF
Lot Size0.60 Acres
Price / SF$89.24
Days on Market557
Property Features for 129 Laurel Dr
General Information
Standard status
Active
Size
2,016 SF
Lot size
0.60 Acres
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,392
Building Details
Buildings
1
Listing Agency:
Holtz And Associates Real Estate LLC
Listed By:
Jeffrey Holtz
(814) 946-4211
Source:
Exprealty
Added: Apr 8, 2025
Changed: Oct 6
Last Checked: Oct 15 at 1:51AM
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 Holtz And Associates Real Estate LLC
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Investment Insights
Based on property information with market context.
This 2,016-square-foot live-work building combines an existing dental office configuration with a two-bedroom apartment on the upper level. The property also includes a full unfinished basement, providing additional enclosed area for storage or future buildout. Paved parking serves the building, and the structure is described as well maintained and in good condition.
The property occupies over 0.6 acre at 129 Laurel Dr in Hastings, PA. Its arrangement places commercial space and a separate residential component within the same building, supporting an owner-user setup or distinct rental use as described in the property information.
The property occupies over 0.6 acre at 129 Laurel Dr in Hastings, PA. Its arrangement places commercial space and a separate residential component within the same building, supporting an owner-user setup or distinct rental use as described in the property information.
Key Highlights
- 2,016‑square‑foot multi‑use building
- Two‑bedroom apartment on the second floor
- Existing dental office configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,967
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,340
$319.3K
Cap Rate 7%
$228,100
$228.1K
Cap Rate 9%
$177,411
$177.4K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$29.0K $14.40/SF
− Vacancy
−$3.5K −$1.73/SF
EGI
$25.5K $12.67/SF
− OpEx
−$9.6K −$4.75/SF
NOI
$16.0K $7.92/SF
Area
Cambria County, PA
Vacancy
12.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,340
Cap Rate 7%
$228,100
Cap Rate 9%
$177,411
Alternative Uses
Best Use
Office B
$454.9K
$398.0K – $530.7K
NOI $31,843 @ 7.0% cap · market cap 17.70%
Second Best
Healthcare Medical
$343.3K
$300.4K – $400.6K
NOI $24,034 @ 7.0% cap · market cap 13.36%
Theoretical Best
Office A
$608.3K
$532.2K – $709.6K
NOI $42,578 @ 7.0% cap · market cap 23.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 16646, PA
2,440
Population
955
Households
2.6
Avg Household Size
47
Median Age
16%
College-Educated
95%
High-School Grad
18.1 sq mi
ZIP Area
135
Density / Sq Mi
$61,929
Median Household Income
$40,972
Median Earnings
$603
Median Rent
$116,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Two-level commercial property with a second-floor residence, unfinished basement, and paved parking on a sizable site.
Where is this live-work space located?
The property is located at 129 Laurel Dr Hastings, PA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 2,016‑square‑foot multi‑use building; Two‑bedroom apartment on the second floor; Existing dental office configuration
