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    984 Jefferson Ave Washington, PA 15301

    For Sale
    $1,300,000

    24 Residential Units + 4 Retail Spaces

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use investment property presents a compelling opportunity in a prime Washington, Pennsylvania location. Situated at the signalized intersection of Jefferson Avenue and Wylie Avenue, this stabilized asset boasts 24 residential units positioned above four retail tenants, ensuring a consistent income stream. The 0.43-acre lot provides ample space and visibility, capitalizing on its position in one of Washington's busiest intersections. Currently, the property offers a strong foundation for immediate returns, but significant upside potential exists for value-add investors. By leasing vacant spaces and implementing strategic unit upgrades, a new owner can capitalize on market rental rates and substantially increase net operating income (NOI). The existing tenant mix provides a diversified revenue base, mitigating risk and offering stability. This property is ideal for investors seeking a proven performer with considerable room for growth and enhanced profitability through proactive management and modernization. The strategic location and existing infrastructure create a solid foundation for long-term appreciation and consistent cash flow. This is a rare opportunity to acquire a high-yield mixed-use property in a thriving Pennsylvania market. The property's size and location make it an attractive investment for both seasoned and emerging investors seeking a stable and profitable venture.

    Property Features for 984 Jefferson Ave

    General Information

    Property type
    Retail properties
    Lot Size
    18,731 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.26368
    Latitude
    40.18201

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    FAQs

    What type of property is this?
    Retail property - 24 Residential Units + 4 Retail Spaces
    Where is this retail property located?
    The property is located at 984 Jefferson Ave Washington, PA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (412) 235-7216
    Request Owner's contact information
    984 Jefferson Ave Washington, PA 15301
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    Washington, PA 15301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    984 Jefferson Ave Washington, PA 15301
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