Route 30 Multi-Tenant Commercial
For Sale
Contact for pricing
Pending
320 Lincoln Hwy, Jeannette, PA 15644
Versatile retail and warehouse space with high visibility.
Property Size22,000 SF
Lot Size3.54 Acres
Days on Market199
Property Features for 320 Lincoln Hwy
General Information
Standard status
Pending
Size
22,000 SF
Lot size
3.54 Acres
Property subtype
Industrial, Land, Retail
Zoning
Commercial
Building Details
Year Built
1962
Listing Agency:
CENTURY 21 Fairways Real Estate
(724) 864-5916
Listed By:
Susan Gill · License #PA
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Aug 13 at 3:41PM
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 CENTURY 21 Fairways Real Estate
Investment Insights
Based on property information with market context.
Located along U.S. Route 30 in Hempfield Township, Westmoreland County, this multi-tenant retail and warehouse property offers visibility and functionality in a commercial corridor. The property is situated on approximately 3.542 acres, with about 1.5 acres of usable land, and features 427 feet of frontage on Route 30. The building contains a total of 22,684 square feet of one-story retail, office, and warehouse space configured into three connected sections, allowing for flexible multi-tenant or single-user configuration. The original structure dates to the 1950s–1960s, with additions completed in 1983, 1988, and 2002, along with upgrades over the years. The layout includes retail/showroom areas, private offices, workrooms, conference space, and warehouse facilities, including approximately 18,000 square feet of warehouse space. The warehouse section offers up to 16-foot clear ceiling heights, multiple docks and drive-in doors (including 12’ x 14’ and 8’ x 10’ doors), and a covered loading docks. Interior improvements include multiple office suites, lunch rooms, utility areas, and ADA-compliant restrooms. Mechanical systems consist of gas-fired heating, central air conditioning in office areas, and rooftop unit, upgraded electrical service, and a wireless monitored fire alarm and security system. The building has been maintained to support retail, light industrial, service, showroom, or flex operations. The property provides approximately 38 on-site paved parking spaces, along with rear access and circulation for deliveries. Zoning is RC – Regional Commercial District, permitting a range of commercial uses. Utilities include public water, electric, and gas, with on-site septic. The property is not located in a flood hazard area and has a history of commercial use. This Route 30 commercial asset offers flexible space, frontage, functional warehouse features, and a location within the Greater Greensburg market, making it suited for owner-users, investors, or businesses seeking an adaptable commercial property.
Key Highlights
- Excellent visibility with 427 feet of frontage on U.S. Route 30.
- Flexible multi‑tenant or single‑user configuration with 22,684 square feet of retail, office, and warehouse space.
- Approximately 18,000 square feet of warehouse space with up to 16‑foot clear ceiling heights, multiple docks and drive‑in doors, and a covered loading dock.
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
$155,874
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
7.99%
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%
$3,117,480
$3.1M
Cap Rate 7%
$2,226,771
$2.2M
Cap Rate 9%
$1,731,933
$1.7M
Market Conditions
NOI Build-Up for 22,000 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
$194.3K $8.83/SF
− Vacancy
−$10.9K −$0.49/SF
EGI
$183.4K $8.34/SF
− OpEx
−$27.5K −$1.25/SF
NOI
$155.9K $7.09/SF
Area
Westmoreland County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
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%
$3,117,480
Cap Rate 7%
$2,226,771
Cap Rate 9%
$1,731,933
Alternative Uses
Best Use
Office B
$4.01M
$3.51M – $4.68M
NOI $281,041 @ 7.0% cap · market cap 14.41%
Second Best
Retail
$3.62M
$3.17M – $4.23M
NOI $253,638 @ 7.0% cap · market cap 13.01%
Theoretical Best
Office A
$5.60M
$4.90M – $6.54M
NOI $392,262 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 15644, PA
18,320
Population
9,272
Households
2
Avg Household Size
46
Median Age
28%
College-Educated
96%
High-School Grad
22.1 sq mi
ZIP Area
829
Density / Sq Mi
$64,555
Median Household Income
$41,416
Median Earnings
$860
Median Rent
$160,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile retail and warehouse space with high visibility.
Where is this mixed-use property located?
The property is located at 320 Lincoln Hwy Jeannette, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Excellent visibility with 427 feet of frontage on U.S. Route 30.; Flexible multi‑tenant or single‑user configuration with 22,684 square feet of retail, office, and warehouse space.; Approximately 18,000 square feet of warehouse space with up to 16‑foot clear ceiling heights, multiple docks and drive‑in doors, and a covered loading dock.
