Mixed-Use Commercial and
298 Meridian Rd Butler, PA 16001
298 Meridian Rd, Butler, PA, 16001
$565,000
For Sale
$565,000
All-brick property with four rental units, two retail spaces, coin-operated laundry, and ample parking on over an acre.
Property Size3,500 SF
Price / SF$161.43
Days on Market73
Property Features for 298 Meridian Rd
General Information
- Standard status
- Active
- Size
- 3,500 SF
Listing agency
BERKSHIRE HATHAWAY THE PREFERRED REALTY
(724) 282-1313
Listed by
Lorraine DiDomenico
(724) 282-1313
Source
Exprealty
Added: May 12 Updated: Jul 22 at 5:50PM Checked: Jul 22 at 5:50PM
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.
All-brick multi-use property offering approximately 3,500 square feet with four residential rental units and two commercial retail spaces, with the possibility of a third commercial opportunity. The building also includes a coin-operated laundry facility and features a pavilion for added outdoor flexibility.
The property is positioned along a highly traveled roadway in the Meridian area, with easy access to Route 68. Ample parking is available to support both tenants and customers in this busy commercial corridor.
The layout combines residential and retail components under one ownership, supported by on-site laundry and outdoor pavilion space, providing multiple income-producing elements within a single property.
The property is positioned along a highly traveled roadway in the Meridian area, with easy access to Route 68. Ample parking is available to support both tenants and customers in this busy commercial corridor.
The layout combines residential and retail components under one ownership, supported by on-site laundry and outdoor pavilion space, providing multiple income-producing elements within a single property.
Key Highlights
- All‑brick commercial property on over 1 acre along a highly traveled roadway with easy access to Route 68
- Approximately 3,500 SF multi‑use building with four residential rental units
- Includes two commercial spaces with possibility of a third commercial opportunity
Local Financial Insights For Multifamily LT 5
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 | $54.6k | $15.60 |
| − Vacancy | −$4.1k | −$1.17 |
| EGI | $50.5k | $14.43 |
| − OpEx | −$15.2k | −$4.33 |
| NOI | $35.4k | $10.10 |
3,500 SF · lease $15.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$505.1K
$441.9K – $589.2K
NOI $35,354 @ 7.0% cap · market cap 6.26%
Second Best
Retail
$504.0K
$441.0K – $588.0K
NOI $35,280 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$891.5K
$780.1K – $1.04M
NOI $62,405 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Meridian Station Gift ...
(Bike/Boat/Book/etc) Store
Meridian Styles
Hair Salon
Meridian Quick Mart
Grocery & Convenience Store
Meridian Massage
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - All-brick property with four rental units, two retail spaces, coin-operated laundry, and ample parking on over an acre.
Where is this quadplex located?
The property is located at 298 Meridian Rd Butler, PA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: All‑brick commercial property on over 1 acre along a highly traveled roadway with easy access to Route 68; Approximately 3,500 SF multi‑use building with four residential rental units; Includes two commercial spaces with possibility of a third commercial opportunity
