Mixed-Use Building with Retail
For Sale
$169,700
322 3rd St, California, PA 15419
CommercialSale, California, PA
Property Size1,500 SF
Lot Size0.08 Acres
Price / SF$113.13
Days on Market200
Property Features for 322 3rd St
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C2
Zoning description
C2
Parking
13
Directions
GPS
Subdivision
California
Standard status
Active
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
3697
Amenities
office and storage area
cameras
alarm system
basement
garage
Building Details
Building materials
Brick
Listing Agency:
REALTY ONE GROUP GOLD STANDARD
Listed By:
Cindy Schmidt · License #RB068748
(724) 941-1427
Added: Apr 13
Changed: Oct 21
Last Checked: Oct 29 at 11:06PM
MLS# 1748276
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.
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Investment Insights
Based on property information with market context.
This brick mixed-use building includes approximately 1,500 square feet of retail area on the main level, along with an office and storage space. Existing business fixtures include two cash registers, cameras, and an alarm system. The property also features a large basement for additional storage and a 1 1/2-car garage that can be rented.
Two two-bedroom apartments occupy the upper level. Each apartment includes a refrigerator and stove, while a washer and dryer are located in a common area. Separate secure entrances provide access to the apartments. The property sits on a 23-by-153-foot lot and is zoned C2. A separate 13-car rental parking lot across the street may also be available for purchase; it measures approximately 24-by-150-by-25-by-151 feet.
Two two-bedroom apartments occupy the upper level. Each apartment includes a refrigerator and stove, while a washer and dryer are located in a common area. Separate secure entrances provide access to the apartments. The property sits on a 23-by-153-foot lot and is zoned C2. A separate 13-car rental parking lot across the street may also be available for purchase; it measures approximately 24-by-150-by-25-by-151 feet.
Key Highlights
- 1,500 SF main‑level retail area with office and storage space
- Two upstairs two‑bedroom apartments with refrigerators and stoves
- Two secure apartment entrances and shared washer/dryer area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,188
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,760
$303.8K
Cap Rate 7%
$216,971
$217.0K
Cap Rate 9%
$168,756
$168.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$2.7K −$1.80/SF
EGI
$24.3K $16.20/SF
− OpEx
−$9.1K −$6.07/SF
NOI
$15.2K $10.13/SF
Area
Washington County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,760
Cap Rate 7%
$216,971
Cap Rate 9%
$168,756
Alternative Uses
Best Use
Mixed Use
$217.0K
$189.9K – $253.1K
NOI $15,188 @ 7.0% cap · market cap 8.95%
Second Best
Retail
$216.0K
$189.0K – $252.0K
NOI $15,120 @ 7.0% cap · market cap 8.91%
Theoretical Best
Specialty Retail
$462.2K
$404.4K – $539.2K
NOI $32,354 @ 7.0% cap · market cap 19.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
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Business Placement
Demographics for 15419, PA
3,574
Population
1,352
Households
2.6
Avg Household Size
26
Median Age
31%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
2,749
Density / Sq Mi
$44,481
Median Household Income
$9,943
Median Earnings
$804
Median Rent
$121,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-zoned property combines a storefront business area with two upstairs apartments and supporting storage.
Where is this mixed-use property located?
The property is located at 322 3rd St California, PA.
What is the asking price?
The asking price for this property is $169,700.
What are key features of this property?
This property features: 1,500 SF main‑level retail area with office and storage space; Two upstairs two‑bedroom apartments with refrigerators and stoves; Two secure apartment entrances and shared washer/dryer area
