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    Bridgeville Mixed-Use Investment Opportunity Title is generated by Realmo AI

    608 Washington Ave, Bridgeville, PA 15017

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    Retail and residential property with income-generating potential in Bridgeville.

    Type:Mixed Use, Retail
    Property size:
    4,812 SF
    Price / SF:
    $207/SF
    Added:
    Mar 12, 2024
    Days on Market:
    814
    Last Refresh:
    May 12 at 9:36 pm

    Property Features for 608 Washington Ave

    General Information

    Standard status
    Active
    Size
    4,812 SF
    Property subtype
    Mixed Use, Retail

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    Listing Contact
    Anthony Dasta

    Listing agent Anthony Dasta License #PA # rs327725

    Listing office RE/MAX Select Realty

    Listing date Mar 12, 2024

    Source Crexi

    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

    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.
    • High visibility and accessibility due to strategic location on Washington Pike.
    • Spacious and well‑appointed retail space.
    • Property is located in the heart of Bridgeville.

    Overview

    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.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $86.6k $18.00
    − Vacancy −$6.5k −$1.35
    EGI $80.1k $16.65
    − OpEx −$24.0k −$5.00
    NOI $56.1k $11.66
    4,812 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $801.2K
    $701.1K – $934.7K (±1% cap)
    NOI $56,084 @ 7.0% cap · market cap 5.61%
    Second Best
    Mixed Use
    $696.0K
    $609.0K – $812.0K (±1% cap)
    NOI $48,722 @ 7.0% cap · market cap 4.87%
    Theoretical Best
    Office A
    $1.23M
    $1.07M – $1.43M (±1% cap)
    NOI $85,798 @ 7.0% cap · market cap 8.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    M J Dental ... Dental Office The Crafty Jackalope Nightclub

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Gym & Fitness Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeville
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.113154
    Latitude
    40.357234

    FAQs

    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.
    More about this property
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