Live-Work Mixed-Use
For Sale
$525,000
3511 Main St, Morgantown, PA 19543
Front commercial building recently renovated with on-site parking; rear newly constructed studio residence.
Property Size1,880 SF
Price / SF$279.26
Days on Market93
Property Features for 3511 Main St
General Information
Standard status
Active
Size
1,880 SF
Building Details
Year Built
1915
Listing Agency:
Keller Williams Real Estate -Exton
Listed By:
Drew Heasley · License #RS323256
(610) 363-4300
Source:
Kathywolfgang
Added: Jul 16
Changed: Oct 11
Last Checked: Oct 16 at 9:47AM
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 Keller Williams Real Estate -Exton
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This live-work mixed-use property features two separate buildings: a front commercially zoned building that has been recently renovated and is designed for a variety of business uses, along with a newly constructed studio residence positioned behind it. The rear residence is presented as a modern, efficient living space with clean finishes.
The property is located directly on Main Street in Morgantown, Pennsylvania, and includes on-site parking for customers and clients. Public remarks also note approximately 15,000+ vehicles passing daily along Main Street, supporting strong storefront exposure for the commercial component.
The property is located directly on Main Street in Morgantown, Pennsylvania, and includes on-site parking for customers and clients. Public remarks also note approximately 15,000+ vehicles passing daily along Main Street, supporting strong storefront exposure for the commercial component.
Key Highlights
- Mixed‑use live/work property in the heart of Morgantown, PA, with two separate buildings (commercial and residential)
- Front commercial building recently renovated and suited for a variety of business uses
- Directly on Main Street with approximately 15,000+ vehicles passing daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,612
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,240
$372.2K
Cap Rate 7%
$265,886
$265.9K
Cap Rate 9%
$206,800
$206.8K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$33.8K $18.00/SF
− Vacancy
−$4.1K −$2.16/SF
EGI
$29.8K $15.84/SF
− OpEx
−$11.2K −$5.94/SF
NOI
$18.6K $9.90/SF
Area
Berks County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,240
Cap Rate 7%
$265,886
Cap Rate 9%
$206,800
Alternative Uses
Best Use
Mixed Use
$265.9K
$232.7K – $310.2K
NOI $18,612 @ 7.0% cap · market cap 3.55%
Second Best
Office B
$225.0K
$196.9K – $262.5K
NOI $15,752 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$308.6K
$270.0K – $360.1K
NOI $21,603 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 19543, PA
6,256
Population
2,075
Households
3
Avg Household Size
38
Median Age
40%
College-Educated
93%
High-School Grad
21.4 sq mi
ZIP Area
292
Density / Sq Mi
$111,917
Median Household Income
$58,231
Median Earnings
$1,273
Median Rent
$335,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Front commercial building recently renovated with on-site parking; rear newly constructed studio residence.
Where is this live-work space located?
The property is located at 3511 Main St Morgantown, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Mixed‑use live/work property in the heart of Morgantown, PA, with two separate buildings (commercial and residential); Front commercial building recently renovated and suited for a variety of business uses; Directly on Main Street with approximately 15,000+ vehicles passing daily
