Multi-Tenant Flex
For Sale
$1,950,000
6675 Lincoln Highway W, Jeannette, PA 15644
CommercialSale, Jeannette, PA
Property Size22,684 SF
Lot Size3.50 Acres
Price / SF$85.96
Days on Market220
Property Features for 6675 Lincoln Highway W
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Com
Zoning description
Com
Parking
38
Directions
Route 30 W to property on Right
Subdivision
Hempfield Twp - WML
Standard status
Active
Lot size
3.50 Acres
Taxes and HOA fees
Tax Annual Amount
20725
Amenities
conference space
lunch rooms
ADA-compliant restrooms
security system
Building Details
Year built
1962
Listing Agency:
CENTURY 21 FAIRWAYS REAL ESTATE · Century 21 Real Estate
(724) 864-5916
Listed By:
Susan Gill/ Dan Lyons · License #RM423921
(724) 864-5916
Added: Jan 19
Changed: Aug 26
Last Checked: Aug 27 at 7:06AM
MLS# 1737516
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 22,684-square-foot flex property is arranged as three connected sections that can accommodate multiple occupants or a single operation. The one-story layout includes showroom and retail areas, private offices, conference and workroom space, and approximately 18,000 square feet of warehouse area. Warehouse features include clear heights reaching 16 feet, multiple loading docks, drive-in access, and doors measuring 12' x 14' and 8' x 10'.
Positioned along the westbound side of U.S. Route 30 in Hempfield Township, the property provides 427 feet of frontage and rear circulation for deliveries. On-site improvements include approximately 38 paved parking spaces, public water, electric and gas service, and an on-site septic system. The building dates to 1962 and includes additions completed in 1983, 1988, and 2002, along with later capital improvements. Mechanical and operational features include gas-fired heat, central air in office areas, rooftop equipment, upgraded electrical service, and monitored fire and security systems.
Positioned along the westbound side of U.S. Route 30 in Hempfield Township, the property provides 427 feet of frontage and rear circulation for deliveries. On-site improvements include approximately 38 paved parking spaces, public water, electric and gas service, and an on-site septic system. The building dates to 1962 and includes additions completed in 1983, 1988, and 2002, along with later capital improvements. Mechanical and operational features include gas-fired heat, central air in office areas, rooftop equipment, upgraded electrical service, and monitored fire and security systems.
Key Highlights
- 22,684 SF one‑story building configured in three connected sections
- Approximately 18,000 SF of warehouse space with clear heights up to 16 feet
- 427 feet of frontage along U.S. Route 30
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
$160,720
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
8.24%
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%
$3,214,400
$3.2M
Cap Rate 7%
$2,296,000
$2.3M
Cap Rate 9%
$1,785,778
$1.8M
Market Conditions
NOI Build-Up for 22,684 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
$200.3K $8.83/SF
− Vacancy
−$11.2K −$0.49/SF
EGI
$189.1K $8.34/SF
− OpEx
−$28.4K −$1.25/SF
NOI
$160.7K $7.09/SF
Area
Westmoreland County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$3,214,400
Cap Rate 7%
$2,296,000
Cap Rate 9%
$1,785,778
Alternative Uses
Best Use
Retail
$3.74M
$3.27M – $4.36M
NOI $261,524 @ 7.0% cap · market cap 13.41%
Second Best
Warehouse
$2.30M
$2.01M – $2.68M
NOI $160,720 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$5.78M
$5.06M – $6.74M
NOI $404,458 @ 7.0% cap · market cap 20.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15644, PA
18,320
Population
9,272
Households
2
Avg Household Size
46
Median Age
28%
College-Educated
96%
High-School Grad
22.1 sq mi
ZIP Area
829
Density / Sq Mi
$64,555
Median Household Income
$41,416
Median Earnings
$860
Median Rent
$160,100
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 - One-story layout combines showroom, office, and warehouse areas for adaptable commercial occupancy.
Where is this flex space located?
The property is located at 6675 Lincoln Highway W Jeannette, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 22,684 SF one‑story building configured in three connected sections; Approximately 18,000 SF of warehouse space with clear heights up to 16 feet; 427 feet of frontage along U.S. Route 30
