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Retail Space Available For Sale

222 Hall Ave Washington, PA 15301

222 Hall Ave, Washington, PA, 15301
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For Sale
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Retail space available for sale with 6,014 square feet.

Property Size6,014 SF
Price / SF$166.28
AddedSep 23, 2022
Days on Market1391
Last RefreshMay 19 at 10:31 pm

Property Features for 222 Hall Ave

General Information

Standard status
Active
Size
6,014 SF
Property subtype
Retail

Listing office Hanna Commercial Real Estate - Pittsburgh

Listing date Sep 23, 2022

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 Hanna Commercial Real Estate - Pittsburgh


Investment Insights

Based on property information with market context.

A retail space is available for sale. The property offers 6,014 square feet of space.

Key Highlights

  • Available for sale

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 $90.2k $15.00
− Vacancy −$3.6k −$0.60
EGI $86.6k $14.40
− OpEx −$26.0k −$4.32
NOI $60.6k $10.08
6,014 SF · lease $15.00/SF/yr · vacancy 4.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$866.0K
$757.8K – $1.01M (±1% cap)
NOI $60,621 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M (±1% cap)
NOI $129,718 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Solomon Seafood Restaurant

Suggested Use

Carpet & Flooring Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith Food Market Daycare Center Acupuncture Pet Store

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

FAQs

What type of property is this?
Retail space - Retail space available for sale with 6,014 square feet.
Where is this retail space located?
The property is located at 222 Hall Ave Washington, 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: Available for sale
Contact an agent
(412) 261-2200 Call to check price and availability
More about this property
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