Clear-Span Industrial Warehouse with
841 Old Frankstown Road, Pittsburgh, PA 15239
For Sale
$1,950,000
M-1 zoned clear-span warehouse with drive-in access and office space suited for manufacturing, distribution, or storage use.
Property Size24,384 SF
Lot Size7.29 Acres
Price / SF$79.97
Days on Market142
Property Features for 841 Old Frankstown Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Drive-In Doors
Building Details
Building Size
Listing Agency:
Pennsylvania Commercial Real Estate, Inc.
Listed By:
Bob Cornell · License PA AB041069A
(412) 760-9999
Source:
Penncom
Added: Jun 24
Changed: Nov 8
Last Checked: Nov 12 at 5:52AM
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 Pennsylvania Commercial Real Estate, Inc.
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Investment Insights
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This for-sale industrial property includes a clear-span warehouse with 6-inch concrete floors, providing a flexible interior for warehouse and manufacturing workflows. The building also features office space totaling 5,134 SF, along with ceiling heights ranging from 26' to 38' in the main warehouse. Heating is provided by Co Ray Vac. The site includes four (4) drive-in doors for loading and unloading convenience, supporting day-to-day distribution and logistics operations.
The property is located at 841 Old Frankstown Road in Pittsburgh, PA. It sits on 7.291 acres of land and is zoned M-1, with Planned Industrial indicated in the property remarks. This zoning profile is relevant for industrial and warehouse uses, including manufacturing and distribution.
With its clear-span configuration, high ceiling heights, and multiple drive-in doors, the facility is positioned to support a range of industrial tenants, including warehousing and light manufacturing or distribution operations. The combination of warehouse space and dedicated office area can accommodate teams that need on-site administrative and operational support while maintaining efficient loading access through the drive-in doors.
The property is located at 841 Old Frankstown Road in Pittsburgh, PA. It sits on 7.291 acres of land and is zoned M-1, with Planned Industrial indicated in the property remarks. This zoning profile is relevant for industrial and warehouse uses, including manufacturing and distribution.
With its clear-span configuration, high ceiling heights, and multiple drive-in doors, the facility is positioned to support a range of industrial tenants, including warehousing and light manufacturing or distribution operations. The combination of warehouse space and dedicated office area can accommodate teams that need on-site administrative and operational support while maintaining efficient loading access through the drive-in doors.
Key Highlights
- 24,384 SF industrial/warehouse building on 7.291 acres, zoned M‑1
- Clear span warehouse with 26'–38' ceiling height
- Four (4) drive‑in doors for warehouse loading and access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,230
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,344,600
$3.3M
Cap Rate 7%
$2,389,000
$2.4M
Cap Rate 9%
$1,858,111
$1.9M
Market Conditions
NOI Build-Up for 24,384 SF
Gross rent
$207.8K $8.52/SF
− Vacancy
−$11.0K −$0.45/SF
EGI
$196.7K $8.07/SF
− OpEx
−$29.5K −$1.21/SF
NOI
$167.2K $6.86/SF
Area
Pittsburgh, PA
Vacancy
5.30%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,344,600
Cap Rate 7%
$2,389,000
Cap Rate 9%
$1,858,111
Alternative Uses
Best Use
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,230 @ 7.0% cap · market cap 8.58%
Second Best
Industrial
$1.97M
$1.72M – $2.30M
NOI $137,719 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$7.77M
$6.80M – $9.06M
NOI $543,605 @ 7.0% cap · market cap 27.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
38 ft
Clear height
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 15239, PA
21,211
Population
8,885
Households
2.4
Avg Household Size
43
Median Age
43%
College-Educated
97%
High-School Grad
16.3 sq mi
ZIP Area
1,301
Density / Sq Mi
$101,782
Median Household Income
$56,995
Median Earnings
$1,182
Median Rent
$214,700
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Pittsburgh, PA
Properties on Market for Warehouses in Pittsburgh
Vacancy Rate% for Industrial in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Warehouse - M-1 zoned clear-span warehouse with drive-in access and office space suited for manufacturing, distribution, or storage use.
Where is this warehouse located?
The property is located at 841 Old Frankstown Road Pittsburgh, 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: 24,384 SF industrial/warehouse building on 7.291 acres, zoned M‑1; Clear span warehouse with 26'–38' ceiling height; Four (4) drive‑in doors for warehouse loading and access
