Live-Work Property with
For Sale
$299,900
6216 Old Route 8, Butler, PA 16002
Older residence with adaptable rooms supports combined living, working, renovation, or reinvention on a substantial parcel.
Property Size3,500 SF
Lot Size1.78 Acres
Price / SF$85.69
Days on Market114
Property Features for 6216 Old Route 8
General Information
Standard status
Active
Size
3,500 SF
Lot size
1.78 Acres
Property subtype
Residential
Property Condition
Severity
Repairs Needed
Evidence
ready for a sparkling reimagination
Taxes and HOA fees
Annual Taxes
$4,201
Listing Agency:
BERKSHIRE HATHAWAY THE PREFERRED REALTY
Listed By:
Dominic Janidas
(412) 521-5500
Source:
Exprealty
Added: Jun 24
Changed: Oct 10
Last Checked: Oct 14 at 11:48PM
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 BERKSHIRE HATHAWAY THE PREFERRED REALTY
Investment Insights
Based on property information with market context.
This live-work property combines a 3-bedroom, 4.5-bathroom residence with approximately 3, 500 square feet of space on approximately 1.78 acres. Dating to the 1900s, the building includes generously sized rooms and a layout that can accommodate residential use, working space, renovation, or a reconfigured concept. The property is positioned along the Route 8 corridor in Penn Township, with a highly visible setting and access to major roadways. Shopping, dining, schools, and everyday conveniences are located minutes away. The sizable grounds provide room for parking, outdoor amenities, storage, expansion, or future improvements, subject to applicable requirements. Located at 6216 Old Route 8 in Butler, PA, the property offers a substantial footprint for a buyer planning to restore, adapt, or combine living and working functions.
Key Highlights
- Approximately 1.78 acres along the Route 8 corridor in Penn Township
- Approximately 3, 500 square feet of living and/or working space
- 3 bedrooms and 4.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,100
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,000
$462.0K
Cap Rate 7%
$330,000
$330.0K
Cap Rate 9%
$256,667
$256.7K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$42.0K $12.00/SF
− Vacancy
−$5.0K −$1.44/SF
EGI
$37.0K $10.56/SF
− OpEx
−$13.9K −$3.96/SF
NOI
$23.1K $6.60/SF
Area
Butler County, PA
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,000
Cap Rate 7%
$330,000
Cap Rate 9%
$256,667
Alternative Uses
Best Use
Office B
$638.7K
$558.9K – $745.2K
NOI $44,711 @ 7.0% cap · market cap 14.91%
Second Best
Mixed Use
$330.0K
$288.8K – $385.0K
NOI $23,100 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$891.5K
$780.1K – $1.04M
NOI $62,405 @ 7.0% cap · market cap 20.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 16002, PA
15,379
Population
6,573
Households
2.3
Avg Household Size
47
Median Age
26%
College-Educated
96%
High-School Grad
73.3 sq mi
ZIP Area
210
Density / Sq Mi
$82,676
Median Household Income
$40,159
Median Earnings
$787
Median Rent
$256,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Older residence with adaptable rooms supports combined living, working, renovation, or reinvention on a substantial parcel.
Where is this live-work space located?
The property is located at 6216 Old Route 8 Butler, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Approximately 1.78 acres along the Route 8 corridor in Penn Township; Approximately 3, 500 square feet of living and/or working space; 3 bedrooms and 4.5 bathrooms
