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416 Washington Ave Carnegie, PA 15106

Sponsored
For Sale
$995,000

High-Visibility Retail Building w/Long-Term Tenant

Description

Added:
Feb 3, 2025
Days on Market:
339
This exceptional retail property at 416 Washington Ave, Carnegie, PA, presents a unique investment opportunity. The building boasts a highly visible storefront and billboard location on Route 50, within the thriving Carnegie business district. A long-term tenant, PPG Paint Store, occupies the space under a lease extending to mid-2027, providing immediate and consistent income. The building itself is structurally sound, featuring a recently warranted flat rubber roof. The second floor offers versatile office space, including fully equipped kitchen appliances (refrigerator, microwave, etc.), large conference rooms, and individual offices, making it nearly move-in ready. While some minor cosmetic updates, such as carpet replacement in certain rooms, are recommended, the common areas are exceptionally clean. A secondary tenant currently occupies approximately 1300 square feet of the second floor on a month-to-month basis. The property includes a separate parking lot located approximately 100 feet away (parcel 103-M-22), providing ample parking for both tenants and customers. The listed real estate taxes reflect the combined total for both parcels. The property's combination of a national tenant, abundant parking, and high visibility makes it an attractive investment with significant potential for long-term growth. The landlord pays taxes and insurance, making this a self-supporting investment. The 0.17-acre lot offers significant potential for future development or expansion. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a prime location.

Property Features for 416 Washington Ave

General Information

Property type
Retail properties
Lot Size
7,405 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
Carnegie
County
Allegheny-West
State
Pennsylvania
Longitude
-80.08388
Latitude
40.4086

FAQs

What type of property is this?
Retail property - High-Visibility Retail Building w/Long-Term Tenant
Where is this retail property located?
The property is located at 416 Washington Ave Carnegie, PA.
What is the asking price?
The asking price for this property is $995,000.
More about this property
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