Brick Mixed-Use
For Sale
$275,000
3501 Walnut St, McKeesport, PA 15132
Restaurant space and a two-bedroom apartment occupy separate floors with independent utilities.
Property Size1,500 SF
Price / SF$183.33
Days on Market58
Property Features for 3501 Walnut St
General Information
Standard status
Active
Size
1,500 SF
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Floor
1
Seating Capacity
75
Taxes and HOA fees
Annual Taxes
$4,692
Building Details
Buildings
1
Stories
2
Construction
brick
Listing Agency:
HOWARD HANNA REAL ESTATE SERVICES
Listed By:
Santino Merante
(412) 561-7400
Source:
Exprealty
Added: Aug 11
Changed: Oct 6
Last Checked: Oct 5 at 9:05PM
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 HOWARD HANNA REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This brick mixed-use property at 3501 Walnut St includes a restaurant on the first floor with seating for 75 and two restrooms. The second floor contains a two-bedroom apartment with separate utilities and approximately 1,500 sq. ft. of space.
Two lots are available with the property, identified as 464-R-35 and 464-R-38.
Two lots are available with the property, identified as 464-R-35 and 464-R-38.
Key Highlights
- Brick building with restaurant on the first floor
- First‑floor restaurant includes seating for 75
- Two restrooms serve the restaurant space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,188
Cap Rate
5.52%
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
Allegheny 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 5.52%
Second Best
Specialty Retail
$212.5K
$186.0K – $248.0K
NOI $14,877 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$382.1K
$334.3K – $445.8K
NOI $26,745 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 40%
Aldi
Groceries
17,737 visits/mo
0.1 miles
Ollie's Bargain Outlet
Shops & Services
12,404 visits/mo
0.5 miles
Dollar General
Shops & Services
6,521 visits/mo
0.1 miles
AutoZone
Shops & Services
2,969 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,449 visits/mo
0.2 miles
Demographics for 15132, PA
19,418
Population
10,511
Households
1.8
Avg Household Size
42
Median Age
12%
College-Educated
87%
High-School Grad
5.6 sq mi
ZIP Area
3,468
Density / Sq Mi
$32,170
Median Household Income
$29,827
Median Earnings
$791
Median Rent
$71,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant space and a two-bedroom apartment occupy separate floors with independent utilities.
Where is this mixed-use property located?
The property is located at 3501 Walnut St McKeesport, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Brick building with restaurant on the first floor; First‑floor restaurant includes seating for 75; Two restrooms serve the restaurant space
