Monroeville Commercial Space For
For Sale
$665,000
4351 Old William Penn Hwy, Monroeville, PA 15146
High-visibility commercial space in a sought-after Monroeville location.
Property Size3,200 SF
Lot Size1.90 Acres
Price / SF$207.81
Days on Market261
Property Features for 4351 Old William Penn Hwy
General Information
Standard status
Active
Size
3,200 SF
Lot size
1.90 Acres
Taxes and HOA fees
Annual Taxes
$7,801
Listing Agency:
WEINER REAL ESTATE
Listed By:
Jeff Weiner · License #RM045919A
(412) 373-8900
Source:
Exprealty
Added: Jan 26
Changed: Oct 11
Last Checked: Oct 12 at 9:33PM
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 WEINER REAL ESTATE
Investment Insights
Based on property information with market context.
This commercial property is located in a high-traffic area of Monroeville. The property offers 3200 square feet of space across two levels. The layout includes multiple rooms, two reception areas, and an open work area. The interior features approximately 18 ft. vaulted ceilings and skylights. A kitchenette is located on the main level, and two bathrooms are on the lower level. The property includes over 30 parking spaces, plus a two-car detached garage. It is located minutes from Business Route 22, Route 48, the Parkway East, PA Turnpike, and Golden Mile Highway. The property is suited for salons, spas, medical offices, professional offices, or retail businesses.
Key Highlights
- High‑visibility location in a sought‑after Monroeville area with high traffic.
- 3200 sq ft of well‑maintained space across two levels suitable for various business types (salon, spa, medical, retail, etc.).
- Ample parking with over 30 spaces, plus a two‑car detached garage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,879
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,580
$817.6K
Cap Rate 7%
$583,986
$584.0K
Cap Rate 9%
$454,211
$454.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$72.2K $22.56/SF
− Vacancy
−$17.7K −$5.53/SF
EGI
$54.5K $17.03/SF
− OpEx
−$13.6K −$4.26/SF
NOI
$40.9K $12.77/SF
Area
Allegheny County, PA
Vacancy
24.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,580
Cap Rate 7%
$583,986
Cap Rate 9%
$454,211
Alternative Uses
Best Use
Office B
$584.0K
$511.0K – $681.3K
NOI $40,879 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$532.8K
$466.2K – $621.6K
NOI $37,296 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$815.1K
$713.2K – $950.9K
NOI $57,056 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - High-visibility commercial space in a sought-after Monroeville location.
Where is this office units located?
The property is located at 4351 Old William Penn Hwy Monroeville, PA.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: High‑visibility location in a sought‑after Monroeville area with high traffic.; 3200 sq ft of well‑maintained space across two levels suitable for various business types (salon, spa, medical, retail, etc.).; Ample parking with over 30 spaces, plus a two‑car detached garage.
