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    Redevelopment-Ready Commercial Property on Route 31 Title is generated by Realmo AI

    229 Main Street, Manns Choice, PA 15550

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    Claim this Listing
    For Sale
    $209,900

    COMMERCIAL - Manns Choice, PA

    Property size:
    13,648 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $15/SF
    Added:
    Mar 4, 2026
    Days on Market:
    77
    Last Refresh:
    May 20 at 12:06 am

    Property Features for 229 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Rooms
    Basement
    Parking features
    Off Street
    Exterior features
    Rain Gutters
    Basement
    Full
    Standard status
    Active
    APN
    D.09-C.07-076
    Size
    13,648 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    2018/2005
    Tax Annual Amount
    3445

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Coal
    Water source
    Well

    Building Details

    Year built
    1910
    Floors in Building
    3
    Building materials
    Frame, Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Cheryl McInroy

    Listing agent Cheryl McInroy License #AB068119

    Listing office Coldwell Banker Premier 129 S Juliana Street, Bedford, PA

    Listing date Mar 4, 2026

    MLS# 79521

    Copyright © 2026 Allegheny Highland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Redevelopment‑ready commercial property with flexible layout, suitable for residential, mixed‑use, or commercial ventures.
    • High‑visibility location on heavily trafficked State Route 31, benefiting from tourism and regional commerce near Shawnee State Park.
    • Potential for 13 residential units (9 two‑bedroom, 4 one‑bedroom), offering substantial long‑term rental income upside.
    • Existing rental income from one newly completed two‑bedroom apartment, currently rented at $1,250 per month.
    • Large rear parking lot plus front street parking, enhancing accessibility.
    • Over 12,000 square feet of space allowing for diverse uses.

    Overview

    This commercial property offers over 12,000 square feet of space with high visibility and traffic exposure on State Route 31. The location is near Shawnee State Park, Bedford, and the Maryland line, benefiting from tourism and regional commerce. The building has been taken down to the studs, making it ready for redevelopment. Currently, there is one completed two-bedroom, one-bath apartment that is rented for $1,250 per month, providing immediate income. According to the current owner's plans, the structure could accommodate nine two-bedroom apartments and four one-bedroom apartments, for a total of 13 residential units. The property's flexibility allows for various uses beyond residential, including mixed-use retail with upper-level residential, a boutique hotel or short-term rental concept, a brewery, restaurant, or bar, office or professional suites, or a retail storefront or outfitter business. A large rear parking lot and front street parking enhance accessibility for tenants, customers, or guests. The property, situated on a 0.31-acre lot, offers existing rental income, redevelopment-ready condition, multi-unit potential, and flexible commercial possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Building Supply Auto Repair Shop Food Market Grocery & Convenience Store Bar & Pub Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Manns Choice
    County
    Bedford
    State
    Pennsylvania
    Longitude
    -78.592907
    Latitude
    40.001929

    FAQs

    What type of property is this?
    Mixed-use property - Value-add commercial property with redevelopment potential and high visibility.
    Where is this mixed-use property located?
    The property is located at 229 Main Street Manns Choice, PA.
    What is the asking price?
    The asking price for this property is $209,900.
    What are key features of this property?
    This property features: Redevelopment‑ready commercial property with flexible layout, suitable for residential, mixed‑use, or commercial ventures.; High‑visibility location on heavily trafficked State Route 31, benefiting from tourism and regional commerce near Shawnee State Park.; Potential for 13 residential units (9 two‑bedroom, 4 one‑bedroom), offering substantial long‑term rental income upside.
    (814) 232-0737
    We can help!
    Listing Contact
    Cheryl McInroy
    Real Estate License ID: AB068119
    Learn More
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    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
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