Prime Corner Location
For Sale
Contact for pricing
317 E Maiden St, Washington, PA 15301
Development opportunity with high traffic and multiple zoning uses.
Property Size2,500 SF
Lot Size0.49 Acres
Price / SF$219.60
Days on Market1286
Property Features for 317 E Maiden St
General Information
Standard status
Active
Size
2,500 SF
Class
B
Total Parking Spaces
20
Lot size
0.49 Acres
Property subtype
Retail
Zoning
GB
Occupancy
100%
Lease Type
NN
Investment Type
Redevelopment
Building Details
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
REAL of Pennsylvania
(412) 999-0722
Listed By:
Jim Schons · License #PA AB069407
Source:
Crexi
Added: Feb 20, 2023
Changed: Aug 16
Last Checked: Aug 28 at 12:02PM
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 REAL of Pennsylvania
Investment Insights
Based on property information with market context.
This property presents a development opportunity in Washington, PA, situated on a 0.49-acre corner lot with dimensions of 160 x 131. The location benefits from a consistent traffic count of 16,000 and includes 20 off-street parking spaces. As one of the only corner locations in the city, it is positioned blocks away from Washington and Jefferson College, offering potential for student-focused businesses. The property currently features a laundromat, four apartments, and a former self-serve car wash. It allows for multiple zoning uses including restaurants, banks, and salons.
Key Highlights
- Highly visible corner lot location with a traffic count of 16,000.
- Generous 0.49‑acre lot size.
- Features 20 off‑street parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,200
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,000
$504.0K
Cap Rate 7%
$360,000
$360.0K
Cap Rate 9%
$280,000
$280.0K
Market Conditions
NOI Build-Up for 2,500 SF
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.
Gross rent
$37.5K $15.00/SF
− Vacancy
−$1.5K −$0.60/SF
EGI
$36.0K $14.40/SF
− OpEx
−$10.8K −$4.32/SF
NOI
$25.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,000
Cap Rate 7%
$360,000
Cap Rate 9%
$280,000
Alternative Uses
Best Use
Retail
$360.0K
$315.0K – $420.0K
NOI $25,200 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$770.3K
$674.0K – $898.7K
NOI $53,923 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Groceries 36%
Dining 15%
Apparel 8%
Shop 'n Save
Groceries
27,635 visits/mo
0.3 miles
PNC Bank
Shops & Services
9,109 visits/mo
0.4 miles
Goodwill
Apparel
5,772 visits/mo
0.1 miles
Safelite AutoGlass
Shops & Services
4,860 visits/mo
0.3 miles
AutoZone
Shops & Services
4,276 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Development opportunity with high traffic and multiple zoning uses.
Where is this retail space located?
The property is located at 317 E Maiden St Washington, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Highly visible corner lot location with a traffic count of 16,000.; Generous 0.49‑acre lot size.; Features 20 off‑street parking spaces.
