Retail Building with On-Site
1637 North Main Street Extension, Butler, PA 16001
For Sale
Contact for pricing
The building’s layout is described as suitable for office use, including medical office, coffee shop, or bakery operations.
Property Size1,800 SF
Price / SF$127.78
Days on Market41
Property Features for 1637 North Main Street Extension
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Traffic Count
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Re/Max Infinity
Listed By:
Jennifer Dolby · License PA #233848
(724) 991-4983
Source:
Crexi
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 8 at 6:17PM
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 Re/Max Infinity
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Investment Insights
Based on property information with market context.
The 1,800-square-foot retail building was custom built in 1994 and is described as well maintained. Its stated use possibilities include office, medical office, coffee shop, and bakery operations.
The property is at 1637 North Main Street Extension in Butler, Pennsylvania. The source reports 11,000 vehicles of daily traffic and an 11-car parking lot.
The property is at 1637 North Main Street Extension in Butler, Pennsylvania. The source reports 11,000 vehicles of daily traffic and an 11-car parking lot.
Key Highlights
- 1,800‑square‑foot building, custom built in 1994
- 11‑car parking lot
- Reported daily traffic count of 11,000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,144
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,880
$362.9K
Cap Rate 7%
$259,200
$259.2K
Cap Rate 9%
$201,600
$201.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.0K $15.00/SF
− Vacancy
−$1.1K −$0.60/SF
EGI
$25.9K $14.40/SF
− OpEx
−$7.8K −$4.32/SF
NOI
$18.1K $10.08/SF
Area
Butler County, PA
Vacancy
4.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,880
Cap Rate 7%
$259,200
Cap Rate 9%
$201,600
Alternative Uses
Best Use
Healthcare Medical
$369.7K
$323.5K – $431.3K
NOI $25,879 @ 7.0% cap · market cap 11.25%
Second Best
Office B
$328.5K
$287.4K – $383.2K
NOI $22,994 @ 7.0% cap · market cap 10.00%
Theoretical Best
Office A
$458.5K
$401.2K – $534.9K
NOI $32,094 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
11,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 16001, PA
40,085
Population
19,757
Households
2
Avg Household Size
46
Median Age
28%
College-Educated
94%
High-School Grad
75.8 sq mi
ZIP Area
529
Density / Sq Mi
$61,325
Median Household Income
$42,542
Median Earnings
$864
Median Rent
$191,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The building’s layout is described as suitable for office use, including medical office, coffee shop, or bakery operations.
Where is this retail space located?
The property is located at 1637 North Main Street Extension Butler, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,800‑square‑foot building, custom built in 1994; 11‑car parking lot; Reported daily traffic count of 11,000
