Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Income-Producing Pizza Shop with Apartments Title is generated by Realmo AI

    169 W MAIN STREET, Monongahela, PA 15063

    View on Map
    Claim this Listing
    For Sale
    $479,900

    Mixed-use property with pizza shop and two residential units.

    Type:Commercial/Industrial
    Lot size:
    0.06 Acres
    Added:
    Nov 26, 2024
    Days on Market:
    547
    Last Refresh:
    May 20 at 1:12 am

    Property Features for 169 W MAIN STREET

    General Information

    Standard status
    Active
    Lot size
    0.06 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Mikal Merlina

    Listing agent Mikal Merlina License #AB069240

    Listing office Piatt Sothebyâ€TMs International Realty

    Listing date Nov 26, 2024

    Source Exitrealty

    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 Piatt Sothebyâ€TMs International Realty

    HighLights

    • Fully equipped, income‑producing pizza shop (Italian Village Pizza franchise option available).
    • Two fully rented 2‑bedroom, 1‑bath apartments provide consistent rental income.
    • High‑visibility location on West Main Street with easy access to major routes.
    • Coin‑operated laundry facility provides additional revenue stream.
    • One‑car garage and convenient back access ideal for delivery operations.
    • Option to continue existing pizza franchise or reimagine the space for a new concept.

    Overview

    Located at 169 West Main Street in Monongahela, PA, this mixed-use property features a fully equipped pizza shop on the ground floor, currently operating as an Italian Village Pizza franchise. The buyer has the option to continue the franchise for a monthly fee or develop a new concept for the space. The property includes a one-car garage and back access. The second floor contains two fully rented 2-bedroom, 1-bath apartments. Tenants have access to a coin-operated laundry facility. The property is located on a high-visibility street with access to major routes. This property is intended for commercial and residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Italian Village Pizza Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Monongahela
    County
    Washington
    State
    Pennsylvania
    Longitude
    -79.9237
    Latitude
    40.201

    Nearby Similar for Sale

    • $125,000

      Versatile Building in Monongahela, PA

      Solid building suitable for various uses in Monongahela, PA.
      700 E Main Street, Monongahela, PA 15063
      View Details
    • $299,500

      Updated Commercial Building with Possibilities

      Updated commercial building suitable for events, retail, office, and more.
      807 Dry Run Road, Carroll Twp, PA 15063
      View Details
    • $169,724

      Monongahela Mixed-Use Investment Opportunity

      Mixed-use property with residential and commercial potential in Monongahela.
      149 Chess, Monongahela, PA 15063
      View Details
    • $130,000

      Mixed-Use Property with Store Front

      Mixed-use property with store front, ideal for work from home.
      509 W Main Street, Monongahela, PA 15063
      View Details
    • $175,000

      Monongahela Retail and Apartments For Sale

      Retail storefront with two apartments in Monongahela, Pennsylvania.
      1001 W Main St, Monongahela, PA 15063
      View Details
    • $8,500,000
      40,366 SF

      Monongahela Medical Office Building For Sale

      Fully leased medical office building with surgi-center and strong NOI.
      100 Stoops Dr, Monongahela, PA
      View Details
    • $169,724

      Monongahela Investment Opportunity

      Investment property featuring a large apartment and a law office.
      149 Chess Street, Monongahela, PA 15063
      View Details
    • $199,999

      Turnkey Duplex Ready for Investors

      Side-by-side duplex with amenities, ideal for investors or owner-occupants.
      126-128 Railroad Street, Monongahela, PA 15063
      View Details
    • Contact for pricing
      40,366 SF

      Leased Medical Office/Surgi-Center For Sale

      100% leased medical office building with surgi-center and strong NOI.
      Monongahela, PA 15063
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Mixed-use property with pizza shop and two residential units.
    Where is this conventional restaurant located?
    The property is located at 169 W MAIN STREET Monongahela, PA.
    What is the asking price?
    The asking price for this property is $479,900.
    What are key features of this property?
    This property features: Fully equipped, income‑producing pizza shop (Italian Village Pizza franchise option available).; Two fully rented 2‑bedroom, 1‑bath apartments provide consistent rental income.; High‑visibility location on West Main Street with easy access to major routes.
    (724) 640-3051
    We can help!
    Listing Contact
    Mikal Merlina
    Real Estate License ID: AB069240
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    169 W MAIN STREET, MONONGAHELA, PA 15063
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!