Bridgeville Mixed-Use Investment
608 Washington Ave, Bridgeville, PA 15017
Retail and residential property with income-generating potential in Bridgeville.
Type:Mixed Use, Retail
Property size:
4,812 SFPrice / 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
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
NOI $56,084 @ 7.0% cap · market cap 5.61%
Second Best
Mixed Use
$696.0K
$609.0K – $812.0K
NOI $48,722 @ 7.0% cap · market cap 4.87%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
M J Dental ...
Dental Office
The Crafty Jackalope
Nightclub
Location Insight
- Map
- Local Demand
- City
- Bridgeville
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.113154
- Latitude
- 40.357234
Nearby Similar for Sale
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.
