Greensburg Commercial Land For
For Sale
Contact for pricing
985 Towne Square Dr, Greensburg, PA 15601
Commercial land available for sale in Greensburg, Pennsylvania.
Property Size10,000 SF
Price / SF$150
Days on Market1287
Property Features for 985 Towne Square Dr
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Office, Land
Listing Agency:
Hanna Commercial Real Estate - Pittsburgh
Listed By:
Adam Joyce · License #RS349202
(412) 261-2200
Source:
Crexi
Added: Apr 11, 2023
Changed: Oct 3
Last Checked: Oct 16 at 9:30AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land, also suitable for office properties and spaces, is available for sale. The property has a size of 10000 square feet and is located in Greensburg, Pennsylvania.
Key Highlights
- No property information was provided to extract selling points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,746
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,554,920
$2.6M
Cap Rate 7%
$1,824,943
$1.8M
Cap Rate 9%
$1,419,400
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$225.6K $22.56/SF
− Vacancy
−$55.3K −$5.53/SF
EGI
$170.3K $17.03/SF
− OpEx
−$42.6K −$4.26/SF
NOI
$127.7K $12.77/SF
Area
Westmoreland County, PA
Vacancy
24.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,554,920
Cap Rate 7%
$1,824,943
Cap Rate 9%
$1,419,400
Alternative Uses
Best Use
Office B
$1.82M
$1.60M – $2.13M
NOI $127,746 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,301 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 15601, PA
57,141
Population
25,978
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
96%
High-School Grad
80.6 sq mi
ZIP Area
709
Density / Sq Mi
$75,369
Median Household Income
$41,485
Median Earnings
$868
Median Rent
$209,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land available for sale in Greensburg, Pennsylvania.
Where is this commercial land located?
The property is located at 985 Towne Square Dr Greensburg, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
