Two-Story Warehouse with Garage
For Sale
$100,000
Pending
409 W Locust St, Butler, PA 16001
Cement-block construction combines office space, an open upper level, and front off-street parking.
Property Size2,450 SF
Days on Market53
Property Features for 409 W Locust St
General Information
Standard status
Pending
Size
2,450 SF
Property subtype
Warehouse
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$1,131
Building Details
Buildings
1
Stories
2
Building Size
2,450 SF
Construction
cement block
Listing Agency:
KEYSTONE SIGNATURE REALTY LLC
Listed By:
Debra Monteleone · License #RS351067
(724) 903-5339
Source:
Nelsonrealtypa
Added: Sep 10
Changed: Oct 31
Last Checked: Oct 30 at 8:32PM
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 KEYSTONE SIGNATURE REALTY LLC
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Investment Insights
Based on property information with market context.
This approximately 2,450-square-foot warehouse is arranged across two levels with cement-block construction. The ground floor includes a garage-door entry, a separate personnel entrance, office or reception space, and one half-bath. Heating is provided by a gas forced-air furnace. An expansive open area occupies the second floor, adding functional space for storage, work activities, or inventory.
The property is located at 409 W. Locust Street and includes off-street parking positioned in front of the building. Its combination of ground-level access, office space, and upper-floor open area supports a range of warehouse and work-oriented configurations, subject to applicable zoning and municipal requirements.
The property is located at 409 W. Locust Street and includes off-street parking positioned in front of the building. Its combination of ground-level access, office space, and upper-floor open area supports a range of warehouse and work-oriented configurations, subject to applicable zoning and municipal requirements.
Key Highlights
- Approximately 2,450 square feet across two floors
- Cement‑block commercial building
- Ground‑floor garage‑door and separate personnel entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,298
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,960
$166.0K
Cap Rate 7%
$118,543
$118.5K
Cap Rate 9%
$92,200
$92.2K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$12.3K $5.04/SF
− Vacancy
−$494 −$0.20/SF
EGI
$11.9K $4.84/SF
− OpEx
−$3.6K −$1.45/SF
NOI
$8.3K $3.39/SF
Area
Butler County, PA
Vacancy
4.00%
Lease Rate
$5.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,960
Cap Rate 7%
$118,543
Cap Rate 9%
$92,200
Alternative Uses
Best Use
Warehouse
$143.9K
$126.0K – $167.9K
NOI $10,076 @ 7.0% cap · market cap 10.08%
Second Best
Industrial
$118.5K
$103.7K – $138.3K
NOI $8,298 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$624.1K
$546.1K – $728.1K
NOI $43,684 @ 7.0% cap · market cap 43.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16001, PA
40,085
Population
19,757
Households
2
Avg Household Size
46
Median Age
28%
College-Educated
94%
High-School Grad
75.8 sq mi
ZIP Area
529
Density / Sq Mi
$61,325
Median Household Income
$42,542
Median Earnings
$864
Median Rent
$191,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Finn Storage — 505 W New Castle St Rear, Butler, PA 16001
- Lock Solid Storage — 118 S Main St, Butler, PA 16001
Frequently Asked Questions
What type of property is this?
Warehouse - Cement-block construction combines office space, an open upper level, and front off-street parking.
Where is this warehouse located?
The property is located at 409 W Locust St Butler, PA.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Approximately 2,450 square feet across two floors; Cement‑block commercial building; Ground‑floor garage‑door and separate personnel entrances
