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33836535
33836542

302 W Otterman Street, Greensburg, PA 15601 For Sale

CK
PA PA RS302783, FL FL BK3424035 (+1)
Century Realty
Listed by Century Realty
$800,000
25 days on market
Updated 12 days ago

Westminster Office Complex

Details
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 9,000
Net Rentable (SqFt) 10,000
Tenancy Vacant
Price per SqFt $89
Year Built 1994
Buildings 1
Stories 2
Acreage 1.670
Zoning R2 - Office and residential permitted
Parking Spaces 31 spaces
Parking per 1,000 SqFt 3.44
Investment Type Owner/User

9,000 SF Professional Office | Downtown Greensburg | $800,000

Marketing description

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.

Investment 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
  • 100% Vacant | Immediate Possession
  • New Roof (2024) | Transferable 20-Year Warranty
  • R2 Zoning | Office & Residential Uses Permitted
  • Divisible Floors | 5,000 SF Per Floor
  • $80.00/PSF | 65–78% Below Replacement Cost
  • SBA 504 Eligible | 10% Down for Owner-Occupants
  • Owner Occupancy Cost ~$9,571/Mo vs. $14,250/Mo Market Lease Equivalent

Listing Contacts

CK
PA PA RS302783, FL FL BK3424035 (+1)
Century Realty
Listed by Century Realty

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Additional Information

Name
John Aderholt
Title
Broker of Record
Name
Charles Krushansky
License
PA RS302783
Brokerage
Century Realty, LLC
Brokerage Phone
3042325411
Title
Salesperson
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