Bridgeville Mixed-Use Investment
For Sale
Contact for pricing
608 Washington Ave, Bridgeville, PA 15017
Retail and residential property with income-generating potential in Bridgeville.
Property Size4,812 SF
Price / SF$207.81
Days on Market950
Property Features for 608 Washington Ave
General Information
Standard status
Active
Size
4,812 SF
Class
B
Property subtype
Mixed Use, Retail
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$59,382
Building Details
Year Renovated
2022
Buildings
1
Stories
2
Units
5
Listing Agency:
RE/MAX Select Realty
Listed By:
Anthony Dasta · License #PA # rs327725
(724) 933-6300
Source:
Crexi
Added: Mar 12, 2024
Changed: Oct 14
Last Checked: Oct 16 at 9:10AM
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 RE/MAX Select Realty
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Investment Insights
Based on property information with market context.
Located in Bridgeville, this mixed-use property features both retail and residential spaces. The ground level is occupied by the Crafty Jackalope restaurant and bar, which attracts both locals and visitors. The restaurant helps establish a community hub within the building. Above the retail space, the property includes four residential units, each providing living spaces. These apartments offer an opportunity for generating additional income, complementing the commercial activity below. The property is located on Washington Pike, providing high visibility and accessibility for both commercial and residential occupants. The property, with a total size of 4812 square feet, represents an investment in a community, with potential for immediate returns and long-term value growth. This property is suitable for investors focused on cash flow and CAP rate.
Key Highlights
- Established restaurant (Crafty Jackalope) provides immediate income and attracts community.
- Four residential units offer additional income streams.
- Mix‑use property provides diverse income and investment portfolio.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,722
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,440
$974.4K
Cap Rate 7%
$696,029
$696.0K
Cap Rate 9%
$541,356
$541.4K
Market Conditions
NOI Build-Up for 4,812 SF
Gross rent
$86.6K $18.00/SF
− Vacancy
−$8.7K −$1.80/SF
EGI
$78.0K $16.20/SF
− OpEx
−$29.2K −$6.07/SF
NOI
$48.7K $10.13/SF
Area
Allegheny County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,440
Cap Rate 7%
$696,029
Cap Rate 9%
$541,356
Alternative Uses
Best Use
Mixed Use
$696.0K
$609.0K – $812.0K
NOI $48,722 @ 7.0% cap · market cap 4.87%
Second Best
Specialty Retail
$681.8K
$596.6K – $795.4K
NOI $47,725 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,798 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
298k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 21%
Groceries 9%
Apparel 2%
Raising Cane's Chicken Fingers
Dining
62,926 visits/mo
0.5 miles
GetGo Gas Station
Shops & Services
40,730 visits/mo
0.4 miles
McDonald's
Dining
35,287 visits/mo
0.3 miles
Aldi
Groceries
26,182 visits/mo
0.3 miles
Starbucks
Dining
20,793 visits/mo
0.3 miles
Demographics for 15017, PA
16,971
Population
8,388
Households
2
Avg Household Size
45
Median Age
50%
College-Educated
97%
High-School Grad
12.2 sq mi
ZIP Area
1,391
Density / Sq Mi
$83,611
Median Household Income
$54,958
Median Earnings
$1,099
Median Rent
$238,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and residential property with income-generating potential in Bridgeville.
Where is this mixed-use property located?
The property is located at 608 Washington Ave Bridgeville, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Established restaurant (Crafty Jackalope) provides immediate income and attracts community.; Four residential units offer additional income streams.; Mix‑use property provides diverse income and investment portfolio.
