Versatile Retail-Office
195 New Castle Rd Butler, PA 16001
New
195 New Castle Rd, Butler, PA, 16001
$450,000
For Sale
$450,000
Flexible retail/office property for sale on under one acre with over 1,800 SF in a high-visibility, high-traffic setting.
Property Size1,800 SF
Price / SF$250
Days on Market7
Property Features for 195 New Castle Rd
General Information
- Standard status
- Active
- Size
- 1,800 SF
Listing agency
BERKSHIRE HATHAWAY THE PREFERRED REALTY
(724) 283-0005
Listed by
Charles Swidzinski · License #RS183338L
(724) 283-0005
Source
Exprealty
Added: Jul 16 Updated: Jul 21 at 10:02AM Checked: Jul 22 at 6:51AM
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 BERKSHIRE HATHAWAY THE PREFERRED REALTY
Investment Insights
Based on property information with market context.
Located at 195 New Castle Rd in Butler, this for-sale property presents flexible retail and office space totaling over 1,800 square feet on just under one acre. The building is positioned to support a range of commercial uses, with space that can be adapted to fit a variety of business concepts.
The site is described as highly visible and high-traffic, with convenient regional access. It is approximately two miles from downtown Butler, about 30 minutes to Cranberry Township, and less than an hour from Pittsburgh, supporting customer reach across the area.
If you’re looking for a centrally accessible commercial building that can be tailored to your operation, this property offers a straightforward platform to begin that transformation.
The site is described as highly visible and high-traffic, with convenient regional access. It is approximately two miles from downtown Butler, about 30 minutes to Cranberry Township, and less than an hour from Pittsburgh, supporting customer reach across the area.
If you’re looking for a centrally accessible commercial building that can be tailored to your operation, this property offers a straightforward platform to begin that transformation.
Key Highlights
- Flexible retail/office property on just under one acre
- Over 1,800 SF of versatile space for a wide range of commercial uses
- High‑visibility, high‑traffic setting
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $22.56 |
| − Vacancy | −$9.9k | −$5.53 |
| EGI | $30.7k | $17.03 |
| − OpEx | −$7.7k | −$4.26 |
| NOI | $23.0k | $12.77 |
1,800 SF · lease $22.56/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$328.5K
$287.4K – $383.2K
NOI $22,994 @ 7.0% cap · market cap 5.11%
Second Best
Retail
$259.2K
$226.8K – $302.4K
NOI $18,144 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$458.5K
$401.2K – $534.9K
NOI $32,094 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Flexible retail/office property for sale on under one acre with over 1,800 SF in a high-visibility, high-traffic setting.
Where is this retail space located?
The property is located at 195 New Castle Rd Butler, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Flexible retail/office property on just under one acre; Over 1,800 SF of versatile space for a wide range of commercial uses; High‑visibility, high‑traffic setting
