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    614 Hancock Ave Vandergrift, PA 15690

    For Sale
    $199,900

    Established Bar, Income Potential, Central Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property at 614 Hancock Ave, Vandergrift, PA, presents a unique investment opportunity. The building houses a well-established bar with a rich history spanning over 50 years, ensuring a strong foundation for continued success. Its prime location in the heart of Vandergrift guarantees high visibility and accessibility to a loyal customer base. The bar itself is fully operational, featuring a functional kitchen and restrooms, ready for immediate use. The versatility of the space allows for various business concepts, making it an ideal canvas for an entrepreneur's vision. Adding to its appeal is a sizable apartment located upstairs. This space offers significant potential for generating additional rental income, providing a supplementary revenue stream. Alternatively, it can be utilized as valuable storage space to support the bar's operations. The property sits on a conveniently sized 0.03-acre lot. Priced at $199,900, this property offers a compelling blend of established business, income potential, and prime location, making it an attractive investment for discerning buyers. The existing infrastructure and operational history minimize start-up costs and risks, allowing for a smooth transition and immediate return on investment. Don't miss this chance to acquire a thriving business with significant upside potential.

    Property Features for 614 Hancock Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,307 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hancock Avenue Inn Bar LibertyX Bitcoin ATM Atm

    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
    Vandergrift
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.56963
    Latitude
    40.59639

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    FAQs

    What type of property is this?
    Commercial real estate - Established Bar, Income Potential, Central Location
    Where is this commercial real estate located?
    The property is located at 614 Hancock Ave Vandergrift, PA.
    What is the asking price?
    The asking price for this property is $199,900.
    (412) 307-7394
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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
    614 Hancock Ave Vandergrift, PA 15690
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