332 S Main St
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332 S Main St
3,000 SF 100% Leased Retail Building Butler, PA 16001 $220,000 ($73/SF) 10.42% Cap Rate
Investment Highlights
- Location
Executive Summary
Nestled on Main Street this commercial building boasts a vibrant mix of business tenants on the ground floor, a cozy basement apartment with two bedrooms and one bath, and an inviting upstairs apartment with two bedrooms and one bath. All units currently leased. This property presents a unique opportunity to explore the creation of an additional apartment on the third floor.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1900
Price
$220,000
Price Per SF
$73
Cap Rate
10.42%
NOI
$22,924
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.98
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial
Frontage
Amenities
- Bus Line
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 563-5-18-0000 | Total Assessment | $21,330 (2024) |
| Land Assessment | $11,190 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $10,140 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
563-5-18-0000
Land Assessment
$11,190 (2024)
Improvements Assessment
$10,140 (2024)
Total Assessment
$21,330 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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332 S Main St
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