Retail Space Available For
222 Hall Ave, Washington, PA 15301
For Sale
Contact for pricing
Retail space available for sale with 6,014 square feet.
Property Size6,014 SF
Price / SF$166.28
Days on Market1507
Property Features for 222 Hall Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Listing Agency:
Hanna Commercial Real Estate - Pittsburgh
Listed By:
Gary Wilson · License #PA RM419781
(412) 261-2200
Source:
Crexi
Added: Sep 23, 2022
Changed: Nov 2
Last Checked: Nov 6 at 8:58AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A retail space is available for sale. The property offers 6,014 square feet of space.
Key Highlights
- Available for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,621
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,420
$1.2M
Cap Rate 7%
$866,014
$866.0K
Cap Rate 9%
$673,567
$673.6K
Market Conditions
NOI Build-Up for 6,014 SF
Gross rent
$90.2K $15.00/SF
− Vacancy
−$3.6K −$0.60/SF
EGI
$86.6K $14.40/SF
− OpEx
−$26.0K −$4.32/SF
NOI
$60.6K $10.08/SF
Area
Washington 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%
$1,212,420
Cap Rate 7%
$866,014
Cap Rate 9%
$673,567
Alternative Uses
Best Use
Retail
$866.0K
$757.8K – $1.01M
NOI $60,621 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,718 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,905
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Groceries 35%
Dining 12%
Apparel 7%
Shop 'n Save
Groceries
27,635 visits/mo
0.3 miles
PNC Bank
Shops & Services
9,109 visits/mo
0.3 miles
Goodwill
Apparel
5,772 visits/mo
0.4 miles
Safelite AutoGlass
Shops & Services
4,860 visits/mo
0.3 miles
AutoZone
Shops & Services
4,276 visits/mo
0.4 miles
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Washington County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale with 6,014 square feet.
Where is this retail space located?
The property is located at 222 Hall Ave Washington, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Available for sale
