Building Details

Buildings 1

Building Size 2,726 SF

Listing Agency: Perry Wellington Realty, LLC i***@perrywellingtonrealty.com Show Phone

Listed By: Adam Conrad Team Show Phone

Source: Exprealty

Added: Oct 5 Changed: Oct 13 Last Checked: Oct 15 at 12:18AM

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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 Perry Wellington Realty, LLC

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Investment Insights

Based on property information with market context.

The 2,726-square-foot commercial building includes a large overhead door, concrete floors, refrigeration, and dedicated office and storage areas. An apartment is also part of the property and may provide rental income. The building previously housed a beverage business; that operation is now closed. Public water and sewer serve the site, and parking is available on the property.

Set on approximately 0.22 acres at 602 Evergreen Street in Lilly, the property has more than 78 feet of frontage along the primary route into the borough. A Pennsylvania D Distributor License is offered separately. Buyers should confirm permitted uses, licensing requirements, building area, and other property details.

Key Highlights

• 2,726‑square‑foot building on approximately 0.22 acres
• More than 78 feet of frontage along the main route into Lilly
• Large overhead door and concrete flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,906

Cap Rate

7.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$318,120 $318.1K

Cap Rate 7%

$227,229 $227.2K

Cap Rate 9%

$176,733 $176.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,726 SF

Gross rent

$24.1K $8.83/SF

− Vacancy

−$1.3K −$0.49/SF

EGI

$22.7K $8.34/SF

− OpEx

−$6.8K −$2.50/SF

NOI

$15.9K $5.83/SF

Area

Cambria County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$318,120

Cap Rate 7%

$227,229

Cap Rate 9%

$176,733

Alternative Uses

Best Use

Specialty Retail

$392.1K

$343.1K – $457.5K (±1% cap)

NOI $27,447 @ 7.0% cap · market cap 13.79%

Second Best

Retail

$384.4K

$336.3K – $448.4K (±1% cap)

NOI $26,906 @ 7.0% cap · market cap 13.52%

Theoretical Best

Office A

$822.5K

$719.7K – $959.6K (±1% cap)

NOI $57,573 @ 7.0% cap · market cap 28.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Lilly Beverage Cafe & Coffee Shop ATM Atm

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon HVAC Service Barber Shop Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

69

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 15938, PA

2,472

Population

1,000

Households

2.5

Avg Household Size

47

Median Age

16%

College-Educated

95%

High-School Grad

24.0 sq mi

ZIP Area

103

Density / Sq Mi

$66,680

Median Household Income

$39,479

Median Earnings

$850

Median Rent

$136,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - An apartment, refrigeration, and office-storage areas add varied functionality to this commercial property.

Where is this grocery and convenience store located?

The property is located at 602 Evergreen Street Lilly, PA.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: 2,726‑square‑foot building on approximately 0.22 acres; More than 78 feet of frontage along the main route into Lilly; Large overhead door and concrete flooring