303 Main Street Shippenville, PA 16254
SINGLE_FAMILY - Shippenville, PA
Property Features for 303 Main Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- C1 R1
- Parking
- 20
- Standard status
- Active
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Annual Amount
- 2000
Building Details
- Year built
- 1920
Listing agent Elaine Shetler-Libent License #RS313916 (412) 831-3800
Listing office KELLER WILLIAMS REALTY 1500 Oxford Drive Suite 300, Bethel Park, PA (412) 831-3800
Listing date Jan 25, 2026
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The parcel fronts on US-322 (Main St) and PA-208, creating corner exposure. The provided traffic figures show Annual Average Daily Traffic up to approximately 8,600 vehicles per day on US-322 just east of Shippenville and about 3,000 vehicles per day on PA-208 approaching into Shippenville from the west, with other directional counts also listed in the remarks.
With on-site parking, alley access, and established retail improvements, this property can fit retail users, service businesses, franchise concepts, or redevelopment plans. An adjacent, separate 3-bedroom, 1 full bath residence is also described as currently rented, which may support flexibility for buyers evaluating an owner-occupied or mixed-use approach.
Key Highlights
- 1‑acre corner commercial parcel at PA‑208 & US‑322 (PennDOT AADT up to ~8,600 vehicles/day on US‑322 and ~3,000 vehicles/day on PA‑208).
- Large gravel 20‑car parking area plus plenty of on‑street parking for customer, tenant, and delivery access.
- Former Shippenville Red & White grocery store building; 1,728 SF grocery store listed.
Local Financial Insights For Specialty Retail
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 | $27.6k | $15.96 |
| − Vacancy | −$2.0k | −$1.15 |
| EGI | $25.6k | $14.81 |
| − OpEx | −$6.4k | −$3.70 |
| NOI | $19.2k | $11.11 |
