Multi-Tenant Retail Warehouse
For Sale
$1,950,000
6675 Lincoln Highway West, Jeannette, PA 15644
One-story, three-section building with retail, office, and warehouse space, including up to 16-foot clear heights.
Property Size22,684 SF
Lot Size3.54 Acres
Price / SF$85.96
Days on Market403
Property Features for 6675 Lincoln Highway West
General Information
Standard status
Active
Size
22,684 SF
Total Parking Spaces
38
Lot size
3.54 Acres
Property subtype
Retail
Zoning
RC
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Clear Height
16 ft
Amenities
3
38 Parking Spaces.
3.5
State Road.
Building Details
Year Built
1962
Stories
1
Tenancy
Multi
Listing Agency:
CENTURY 21 FAIRWAYS REAL ESTATE
(724) 864-5916
Listed By:
Susan Gill · License #RM423921
(412) 537-9183
Source:
Xome
Added: Jul 30, 2025
Changed: Sep 2
Last Checked: Sep 5 at 4:27AM
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 CENTURY 21 FAIRWAYS REAL ESTATE
Investment Insights
Based on property information with market context.
Versatile one-story multi-tenant retail and warehouse building configured into three connected sections, supporting either flexible multi-tenant occupancy or a single-user layout. Interior mix includes retail/showroom areas, private offices, workrooms, conference space, and warehouse facilities, including approximately 18,000 square feet of warehouse space. Warehouse features include up to 16-foot clear ceiling heights, a covered loading dock area, and multiple dock and drive-in doors (including 12’ x 14’ and 8’ x 10’ doors). Office and support areas include lunch rooms, utility areas, and ADA-compliant restrooms. Mechanical systems include gas-fired heating, central air conditioning in office areas, rooftop unit cooling, upgraded electrical service, and a wireless monitored fire alarm and security system.
The property is located along the westbound lanes of U.S. Route 30 in Hempfield Township, providing approximately 427 feet of frontage and convenient access for deliveries with rear circulation. On-site parking totals approximately 38 paved spaces. Utilities include public water, electric, and gas, with on-site septic, and the property is not located in a flood hazard area.
Zoned RC – Regional Commercial District, the site is positioned for a broad range of commercial uses, with a history of commercial operation and multiple additions completed in 1983, 1988, and 2002.
The property is located along the westbound lanes of U.S. Route 30 in Hempfield Township, providing approximately 427 feet of frontage and convenient access for deliveries with rear circulation. On-site parking totals approximately 38 paved spaces. Utilities include public water, electric, and gas, with on-site septic, and the property is not located in a flood hazard area.
Zoned RC – Regional Commercial District, the site is positioned for a broad range of commercial uses, with a history of commercial operation and multiple additions completed in 1983, 1988, and 2002.
Key Highlights
- 22,684 SF one‑story multi‑tenant retail, office, and warehouse building configured into three connected sections for flexible use
- 427 feet of frontage on U.S. Route 30 in Hempfield Township, with access and rear delivery circulation
- Warehouse space includes up to 16‑foot clear ceiling heights, with multiple docks and drive‑in doors including 12’ x 14’ and 8’ x 10’
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
241
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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Similar Off Market Nearby
- High On The Hog — 4567 Lincoln Ave, Jeannette, PA 15644
Frequently Asked Questions
What type of property is this?
Flex space - One-story, three-section building with retail, office, and warehouse space, including up to 16-foot clear heights.
Where is this flex space located?
The property is located at 6675 Lincoln Highway West 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 multi‑tenant retail, office, and warehouse building configured into three connected sections for flexible use; 427 feet of frontage on U.S. Route 30 in Hempfield Township, with access and rear delivery circulation; Warehouse space includes up to 16‑foot clear ceiling heights, with multiple docks and drive‑in doors including 12’ x 14’ and 8’ x 10’
