Freestanding Retail Building with
For Sale
$1,100,000
3843 William Penn Highway, Monroeville, PA 15146
Freestanding retail building with pylon signage opportunity and 20+ dedicated parking spaces.
Property Size3,500 SF
Price / SF$314.29
Days on Market98
Property Features for 3843 William Penn Highway
General Information
Standard status
Active
Size
3,500 SF
Total Parking Spaces
20
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
3,500 SF
Listing Agency:
Aegis Realty Partners, Inc.
Listed By:
Rick Dimidjian · License #RB065098
(412) 235-7216
Source:
Commercialcafe
Added: Jul 18
Changed: Oct 13
Last Checked: Oct 20 at 5:47PM
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 Aegis Realty Partners, Inc.
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Investment Insights
Based on property information with market context.
This is a freestanding retail building offering approximately 3,500 square feet of retail space. The property features a high-visibility location with an opportunity for pylon signage, along with 20+ dedicated parking spaces for customer access.
The building is located on Route 22, positioned for exposure to regional traffic. Public remarks indicate the site is surrounded by national retailers and shopping centers, with easy access to major highways.
As presented, this is a straightforward standalone retail option designed to serve customers arriving by car, with parking on site and signage potential along the primary corridor.
The building is located on Route 22, positioned for exposure to regional traffic. Public remarks indicate the site is surrounded by national retailers and shopping centers, with easy access to major highways.
As presented, this is a straightforward standalone retail option designed to serve customers arriving by car, with parking on site and signage potential along the primary corridor.
Key Highlights
- 3,500 SF freestanding retail building built in 1992
- High‑visibility location on Route 22 with pylon signage opportunity
- 20+ dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,793
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,860
$815.9K
Cap Rate 7%
$582,757
$582.8K
Cap Rate 9%
$453,256
$453.3K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$63.0K $18.00/SF
− Vacancy
−$4.7K −$1.35/SF
EGI
$58.3K $16.65/SF
− OpEx
−$17.5K −$5.00/SF
NOI
$40.8K $11.66/SF
Area
Allegheny County, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,860
Cap Rate 7%
$582,757
Cap Rate 9%
$453,256
Alternative Uses
Best Use
Retail
$582.8K
$509.9K – $679.9K
NOI $40,793 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.5K
$780.1K – $1.04M
NOI $62,405 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
370k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 23%
Groceries 12%
Apparel 8%
McDonald's
Dining
35,188 visits/mo
0.3 miles
Aldi
Groceries
31,105 visits/mo
0.5 miles
Olive Garden
Dining
22,135 visits/mo
0.4 miles
PetSmart
Shops & Services
21,364 visits/mo
0.3 miles
GetGo Gas Station
Shops & Services
20,515 visits/mo
0.5 miles
Demographics for 15146, PA
28,672
Population
13,508
Households
2.1
Avg Household Size
46
Median Age
46%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,463
Density / Sq Mi
$78,295
Median Household Income
$48,073
Median Earnings
$1,163
Median Rent
$197,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with pylon signage opportunity and 20+ dedicated parking spaces.
Where is this retail space located?
The property is located at 3843 William Penn Highway Monroeville, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,500 SF freestanding retail building built in 1992; High‑visibility location on Route 22 with pylon signage opportunity; 20+ dedicated parking spaces
