Multi-Use Flex & Warehouse
For Sale
Contact for pricing
600 PITTSBURGH RD, Uniontown, PA 15401
Versatile property combining retail, office, and warehouse/industrial functionality on a high-traffic commercial corridor.
Property Size12,000 SF
Lot Size4.14 Acres
Price / SF$149.92
Days on Market67
Property Features for 600 PITTSBURGH RD
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
40
Lot size
4.14 Acres
Property subtype
Retail, Industrial, Mixed Use
Zoning
B1 Business Commercial
Site & Location
Traffic Count
10,317 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1960
Buildings
1
Units
1
Listing Agency:
Black Diamond Realty
Listed By:
Mark J. Nesselroad · License #WV WV0029167
(304) 413-4350
Source:
Crexi
Added: Jul 1
Changed: Sep 4
Last Checked: Sep 4 at 6:29PM
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 Black Diamond Realty
Investment Insights
Based on property information with market context.
Located at 600 Pittsburgh Road in Uniontown, Pennsylvania, this multi-use property is positioned along the highly traveled Route 51 corridor and offers a combination of retail, office, warehouse, and industrial functionality. Set on 4.138 (+/-) acres of flat, developable land, the site includes approximately 270 feet of road frontage to support visibility and accessibility for a range of uses.
The property benefits from convenient access toward Pittsburgh and surrounding regional markets, and is located less than one-half mile from Interstate 43. Reported traffic counts are approximately 10,317 vehicles per day, helping support exposure for owner-user operations, investment activity, or redevelopment plans. Given the mix of commercial building functionality and the open, developable acreage, 600 Pittsburgh Road presents a flexible option for buyers seeking a high-exposure site with room to expand.
The property benefits from convenient access toward Pittsburgh and surrounding regional markets, and is located less than one-half mile from Interstate 43. Reported traffic counts are approximately 10,317 vehicles per day, helping support exposure for owner-user operations, investment activity, or redevelopment plans. Given the mix of commercial building functionality and the open, developable acreage, 600 Pittsburgh Road presents a flexible option for buyers seeking a high-exposure site with room to expand.
Key Highlights
- 4.138 (+/-) acres with approximately 270 ft of road frontage along Route 51 in Uniontown, PA
- Commercial building offers a mix of retail, office, warehouse, and industrial functionality
- Approximately 10,317 vehicles per day traffic counts on the Route 51 corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,854
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,597,080
$1.6M
Cap Rate 7%
$1,140,771
$1.1M
Cap Rate 9%
$887,267
$887.3K
Market Conditions
NOI Build-Up for 12,000 SF
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.
Gross rent
$100.8K $8.40/SF
− Vacancy
−$6.9K −$0.57/SF
EGI
$93.9K $7.83/SF
− OpEx
−$14.1K −$1.17/SF
NOI
$79.9K $6.65/SF
Area
Fayette County, PA
Vacancy
6.80%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,597,080
Cap Rate 7%
$1,140,771
Cap Rate 9%
$887,267
Alternative Uses
Best Use
Warehouse
$1.14M
$998.2K – $1.33M
NOI $79,854 @ 7.0% cap · market cap 4.44%
Second Best
Industrial
$939.5K
$822.0K – $1.10M
NOI $65,762 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$3.06M
$2.67M – $3.57M
NOI $213,961 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10,317 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15401, PA
30,619
Population
15,598
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
91%
High-School Grad
55.4 sq mi
ZIP Area
553
Density / Sq Mi
$52,051
Median Household Income
$40,959
Median Earnings
$761
Median Rent
$151,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile property combining retail, office, and warehouse/industrial functionality on a high-traffic commercial corridor.
Where is this flex space located?
The property is located at 600 PITTSBURGH RD Uniontown, PA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 4.138 (+/-) acres with approximately 270 ft of road frontage along Route 51 in Uniontown, PA; Commercial building offers a mix of retail, office, warehouse, and industrial functionality; Approximately 10,317 vehicles per day traffic counts on the Route 51 corridor
