Mixed-Use Commercial Building with Separate
400 Route 315 Hwy Pittston, PA 18640
For Sale
$3,500,000
Well-maintained mixed-use building with separate gas and electric meters and a rubber roof in very good condition.
Property Size22,500 SF
Price / SF$155.56
Days on Market466
Property Features for 400 Route 315 Hwy
General Information
- Standard status
- Active
- Size
- 22,500 SF
Listing Agency:
O BOYLE REAL ESTATE LLC
(570) 586-2911
Listed By:
Christopher O'Boyle · License #RM424350
(570) 586-2911
Source:
Exprealty
Added: Apr 18, 2025
Changed: Jul 25
Last Checked: Jul 26 at 7:51PM
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 O BOYLE REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Well-maintained mixed-use commercial building offered for sale at 400 Route 315 Hwy, Pittston, PA. The property features a rubber roof in very good condition and separate gas and electric meters to all units. Tenant occupancy includes Southwest X-Ray, Envy Nails, Gregory Center, T Mobile, HCSC Blood Center, and University of Pittsburgh.
The building is situated on busy Route 315 next to Wal Mart, with AADT reported at 15,000.
This setup provides a straightforward, multi-tenant configuration with individually metered utilities for each unit.
The building is situated on busy Route 315 next to Wal Mart, with AADT reported at 15,000.
This setup provides a straightforward, multi-tenant configuration with individually metered utilities for each unit.
Key Highlights
- Mixed‑use commercial building on busy Route 315 next to Wal‑Mart
- Tenant lineup includes Southwest X‑Ray, Envy Nails, Gregory Center, T Mobile, HCSC Blood Center, and University of Pittsburgh
- Separate gas and electric meters to all units
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $494.1k | $21.96 |
| − Vacancy | −$49.4k | −$2.20 |
| EGI | $444.7k | $19.76 |
| − OpEx | −$177.9k | −$7.91 |
| NOI | $266.8k | $11.86 |
22,500 SF · lease $21.96/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$5.67M
$4.96M – $6.62M
NOI $396,941 @ 7.0% cap · market cap 11.34%
Second Best
Healthcare Medical
$3.81M
$3.34M – $4.45M
NOI $266,814 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$7.13M
$6.24M – $8.32M
NOI $498,960 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - Well-maintained mixed-use building with separate gas and electric meters and a rubber roof in very good condition.
Where is this medical office space located?
The property is located at 400 Route 315 Hwy Pittston, PA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Mixed‑use commercial building on busy Route 315 next to Wal‑Mart; Tenant lineup includes Southwest X‑Ray, Envy Nails, Gregory Center, T Mobile, HCSC Blood Center, and University of Pittsburgh; Separate gas and electric meters to all units
