For Sale
$300,000

136 High StWaynesburg, PA 15370

High-return, renovated historic building.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property, the Ganiear House, presents a compelling investment opportunity in Waynesburg, Pennsylvania. Located at 136 East High St, 15370, this certified historic structure boasts 6,358 square feet across two buildings and two stories, built in 1839 and extensively renovated in 2016. The property features a 10.30% cap rate and a strong net operating income (NOI) of $30,900, with an asking price of $300,000 ($47.18/sq ft). Currently enjoying 100% occupancy with three tenants, the building comprises two first-floor office spaces with separate utilities and a central meeting hall. Upstairs, two one-bedroom apartments provide additional income streams. The first floor also includes four large rooms and two restrooms, one of which is ADA-compliant. A full, unfinished basement offers ample storage and houses building mechanics. High-quality materials were used throughout the renovation, including a new roof (2016), Marvin windows, Hardie Board lap siding, Versatex stealth beadboard ceilings, and Aeritis flooring. The property sits on a 0.13-acre lot and includes six parking spaces. The permitted zoning is B-1. This meticulously maintained property offers a blend of historical charm and modern functionality, making it an ideal investment for discerning buyers. The property is a leased fee ownership.

Highlights

  • $300,000 asking price for a 6,358 square foot mixed-use property in Waynesburg, PA.
  • 10.30% cap rate with a $30,900 NOI and 100% occupancy.
  • Three tenants in a multi-tenant building with four units.
  • Two buildings on a 0.13-acre lot with six parking spaces.
  • Features include a renovated historic structure with two first-floor office spaces, a meeting hall, two one-bedroom apartments, and a full unfinished basement.

Property Details for 136 High St

Property type
Mixed-use properties
Square Feet
6,358 SF
Year Built/Renovated
1839/2016
Buildings
2
Stories
2
Lot Size (sq. ft)
5,663 SF
Units
4

Location Insight

City
Waynesburg
County
Greene
State
Pennsylvania
Latitude
39.896446172674
Longitude
-80.184859940415
136 High St, Waynesburg, Pennsylvania

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136 High St
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