302 W Otterman St - Office FOR SALE


Greensburg, PA 15601
$800,000 USD
412-200-5289
302 W Otterman St, Greensburg, PA for Sale
$800,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

302 W Otterman St
Greensburg, PA 15601


HIGHLIGHTS

  • 10,000 SF | Two-Story Professional Office Building
  • 26 Private Offices | 4 Conference Rooms | 2 Kitchens
  • 31 Parking Spaces (3.1/1,000 SF)
  • 1.67 Acres | Two Parcels Conveying Together
  • R2 Zoning | Office & Residential Uses Permitted
  • New Roof (2024) | Transferable 20-Year Warranty

OVERVIEW

Westminster Office Complex is a fully built-out, two-story professional office building available for sale at $800,000 ($80.00/SF) — a significant discount to replacement cost estimated at $2.3M–$3.6M. The property sits on 1.67 acres with 31 parking spaces and features 26 private offices, 4 conference rooms, 2 fully equipped kitchens, and ADA-compliant restrooms across two divisible 5,000 SF floors. New roof installed 2024 with a transferable 20-year warranty. Built in 1994, the building is 100% vacant and available for immediate possession. R2 zoning permits both office and residential uses. Both parcels convey together: main building (1.54 ac) and adjacent parking lot (0.13 ac). Ownership economics are compelling: all-in monthly cost of approximately $9,571 compares favorably to a market lease equivalent of $14,250/month for comparable space at $16/SF NNN — representing over $56,000 in annual savings. SBA 504 financing available with as little as 10% down for qualified owner-occupants. Located in downtown Greensburg's professional services corridor, 0.5 miles from Westmoreland County Courthouse, 1.2 miles from Excela Health Westmoreland Hospital, and 35 miles from Pittsburgh CBD.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Westminster Office Complex

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

R2 & C2

APN/PARCEL ID

10-02-14-0-292

ASK ABOUT THIS PROPERTY

Charles KrushanskyCentury RealtyMore Info
412-200-5289

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Charles KrushanskyCentury RealtyMore Info
412-200-5289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.