Mixed-Use Property with
For Sale
Contact for pricing
217 Freeport Rd, Blawnox, PA 15238
Two buildings combine retail, apartment, and office components under C-1 Community Business zoning.
Property Size5,900 SF
Lot Size0.33 Acres
Price / SF$135.59
Days on Market54
Property Features for 217 Freeport Rd
General Information
Standard status
Active
Size
5,900 SF
Total Parking Spaces
15
Lot size
0.33 Acres
Property subtype
RETAIL
Zoning
C-1
Additional Details
Asking Price
$800,000
Building Details
Buildings
2
Listing Agency:
Hanna Commercial Real Estate | Pittsburgh
Listed By:
Z. Scott Smith · License #RS188990L
(412) 261-2200
Source:
Moodyscre
Added: Aug 24
Changed: Oct 9
Last Checked: Oct 16 at 9:13AM
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 Hanna Commercial Real Estate | Pittsburgh
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Investment Insights
Based on property information with market context.
This mixed-use offering includes two buildings totaling approximately 5,900 GSF on about 1/3 acre. The 217 Freeport Road building contains a retail component and one apartment, while the 213 Freeport Road building provides approximately 2,400 GSF of office space plus a basement used for storage.
The office layout includes a first-floor reception area, conference room, and copier area; three private offices, a kitchenette, and a bathroom on the second floor; and an open third-floor office area with built-in desks. Fifteen vehicle parking spaces are located behind the buildings. The property is zoned C-1 Community Business in Blawnox.
The office layout includes a first-floor reception area, conference room, and copier area; three private offices, a kitchenette, and a bathroom on the second floor; and an open third-floor office area with built-in desks. Fifteen vehicle parking spaces are located behind the buildings. The property is zoned C-1 Community Business in Blawnox.
Key Highlights
- Approximately 5,900 GSF across two buildings
- Retail building with one apartment at 217 Freeport Road
- Office building at 213 Freeport Road includes approximately 2,400 GSF plus basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,765
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,300
$1.4M
Cap Rate 7%
$982,357
$982.4K
Cap Rate 9%
$764,056
$764.1K
Market Conditions
NOI Build-Up for 5,900 SF
Gross rent
$106.2K $18.00/SF
− Vacancy
−$8.0K −$1.35/SF
EGI
$98.2K $16.65/SF
− OpEx
−$29.5K −$5.00/SF
NOI
$68.8K $11.66/SF
Area
Allegheny County, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,300
Cap Rate 7%
$982,357
Cap Rate 9%
$764,056
Alternative Uses
Best Use
Office B
$1.08M
$942.1K – $1.26M
NOI $75,370 @ 7.0% cap · market cap 9.42%
Second Best
Retail
$982.4K
$859.6K – $1.15M
NOI $68,765 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,197 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 15238, PA
13,266
Population
6,001
Households
2.2
Avg Household Size
47
Median Age
75%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
840
Density / Sq Mi
$124,904
Median Household Income
$78,510
Median Earnings
$1,189
Median Rent
$452,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine retail, apartment, and office components under C-1 Community Business zoning.
Where is this mixed-use property located?
The property is located at 217 Freeport Rd Blawnox, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Approximately 5,900 GSF across two buildings; Retail building with one apartment at 217 Freeport Road; Office building at 213 Freeport Road includes approximately 2,400 GSF plus basement storage
