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Prime Corner Location Opportunity

317 E Maiden St Washington, PA 15301

317 E Maiden St, Washington, PA, 15301
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Development opportunity with high traffic and multiple zoning uses.

Property Size2,500 SF
Lot Size0.49 Acres
Price / SF$219.60
AddedFeb 20, 2023
Days on Market1240
Last RefreshMay 19 at 9:33 pm

Property Features for 317 E Maiden St

General Information

Standard status
Active
Size
2,500 SF
Lot size
0.49 Acres
Property subtype
Retail

Listing office REAL of Pennsylvania

Listing date Feb 20, 2023

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 REAL of Pennsylvania


Investment Insights

Based on property information with market context.

This property presents a development opportunity in Washington, PA, situated on a 0.49-acre corner lot with dimensions of 160 x 131. The location benefits from a consistent traffic count of 16,000 and includes 20 off-street parking spaces. As one of the only corner locations in the city, it is positioned blocks away from Washington and Jefferson College, offering potential for student-focused businesses. The property currently features a laundromat, four apartments, and a former self-serve car wash. It allows for multiple zoning uses including restaurants, banks, and salons.

Key Highlights

  • Highly visible corner lot location with a traffic count of 16,000.
  • Generous 0.49‑acre lot size.
  • Features 20 off‑street parking spaces.

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 $37.5k $15.00
− Vacancy −$1.5k −$0.60
EGI $36.0k $14.40
− OpEx −$10.8k −$4.32
NOI $25.2k $10.08
2,500 SF · lease $15.00/SF/yr · vacancy 4.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$360.0K
$315.0K – $420.0K (±1% cap)
NOI $25,200 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$770.3K
$674.0K – $898.7K (±1% cap)
NOI $53,923 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Snowy White Coin ... (Bike/Boat/Book/etc) Store LibertyX Bitcoin ATM Atm

Suggested Use

Real Estate Agency Daycare Center Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Gym & Fitness Center Computer & Electronic Repair Grocery & Convenience Store Acupuncture Grocery & Convenience Store

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

FAQs

What type of property is this?
Retail space - Development opportunity with high traffic and multiple zoning uses.
Where is this retail space located?
The property is located at 317 E Maiden St Washington, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Highly visible corner lot location with a traffic count of 16,000.; Generous 0.49‑acre lot size.; Features 20 off‑street parking spaces.
Contact an agent
(412) 999-0722 Call to check price and availability
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