Flex Space Building with Eighteen-Foot Clear
For Sale
$2,000,000
201 Grand Avenue, Mars, PA 16046
Recently renovated flex space with showroom capability, 18-foot clear height, and a drive-in door.
Property Size12,689 SF
Price / SF$157.62
Days on Market89
Property Features for 201 Grand Avenue
General Information
Standard status
Active
Size
12,689 SF
Property subtype
Retail
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Amenities
showroom capabilities
18' clear ceiling height
drive-in door
Building Details
Building Size
12,689 SF
Buildings
1
Listing Agency:
NAI Burns Scalo
Listed By:
Chris Garrity · License #PA RS295962
(412) 266-5865
Source:
Naiburnsscalo
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 24 at 3:02PM
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 NAI Burns Scalo
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 recently renovated flex space building offers showroom capabilities and flexible indoor space suitable for retail or light industrial uses. The building is 12,689 SF and includes an 18’ clear ceiling height to support a range of tenant needs. A drive-in door provides straightforward access for receiving, staging, or operations tied to light industrial workflows.
The property is located at 201 Grand Ave in Mars, PA 16046.
The property is located at 201 Grand Ave in Mars, PA 16046.
Key Highlights
- 12,689 SF recently renovated flex space building
- Showroom capabilities for retail or light industrial use
- 18’ clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,905
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,558,100
$2.6M
Cap Rate 7%
$1,827,214
$1.8M
Cap Rate 9%
$1,421,167
$1.4M
Market Conditions
NOI Build-Up for 12,689 SF
Gross rent
$190.3K $15.00/SF
− Vacancy
−$7.6K −$0.60/SF
EGI
$182.7K $14.40/SF
− OpEx
−$54.8K −$4.32/SF
NOI
$127.9K $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%
$2,558,100
Cap Rate 7%
$1,827,214
Cap Rate 9%
$1,421,167
Alternative Uses
Best Use
Retail
$1.83M
$1.60M – $2.13M
NOI $127,905 @ 7.0% cap · market cap 6.40%
Second Best
Industrial
$613.9K
$537.2K – $716.3K
NOI $42,976 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,246 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 16046, PA
19,257
Population
7,430
Households
2.6
Avg Household Size
40
Median Age
68%
College-Educated
99%
High-School Grad
22.8 sq mi
ZIP Area
845
Density / Sq Mi
$143,987
Median Household Income
$74,861
Median Earnings
$1,713
Median Rent
$481,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Recently renovated flex space with showroom capability, 18-foot clear height, and a drive-in door.
Where is this flex space located?
The property is located at 201 Grand Avenue Mars, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 12,689 SF recently renovated flex space building; Showroom capabilities for retail or light industrial use; 18’ clear ceiling height
