601 W Pike St Canonsburg, PA 15317
Property profile & analytics
601 W Pike St Canonsburg, PA 15317
- Retail space
- 13,680 SF
- 1.89 lot acres
Property ID
US73-2027579
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Rite Aid Pharmacy / Pharmacy
- Rite Aid / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
- CDReload - Online Bitcoin ATM / Atm / Crypto Atm
- Western Union / Bank / Credit Union
Property Details for 601 W Pike St
- Year built
- 1965
- Lot size
- 1.89 lot acres
- Property size
- 13,680 SF
- Property type
- Retail space
- APN
- 100-023-00-00-0001-04
- APU
- 1000230000000104
Description
This exceptional investment opportunity presents a 13,680-square-foot retail property currently leased to Rite Aid. Located at 601 W Pike St in Canonsburg, Pennsylvania (Washington County, zip code 15317), this property sits on a 1.89-acre lot and boasts a prime location on a signalized intersection. The building, constructed in 2004, generates a substantial net operating income (NOI) of $287,370, resulting in an attractive 8.21% capitalization rate. The current lease, a triple-net (NNN) agreement, commenced on June 14, 2005, and expires December 30, 2028, with two five-year renewal options. The property's assessed parcel number (APN) is 100-023-00-00-0001-04. This presents a compelling opportunity for passive income generation with significant remaining lease term and a strong tenant history. The asking price for this well-positioned retail asset is $3,500,000. This property offers a rare combination of stability, high yield, and significant upside potential. The property's location and the strength of the tenant make this an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,300,000
- 6.5%
- $2,120,000
- 7%
- $1,970,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,462,000
Market price range: $451k - $2.46M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,375,000 Current use
- COMMERCIAL (GENERAL)
- $2,020,000 Change: +47% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,910,000 Change: +39% Conversion: Difficult
- RESTAURANT
- $1,820,000 Change: +32% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Canonsburg
- County
- Washington
- State
- Pennsylvania
- Longitude
- -80.2038
- Latitude
- 40.2569
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$77,138
$428,400
$3,636,200
$4,064,600
-
$428,400
$3,636,200
$4,064,600
