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501 Franklin Ave Aliquippa, PA 15001

OFF-MARKET Retail properties & Spaces Google Maps
0.17 ac lot Built 1927
Entity Owned 9-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US73-0622860

Property summary

AI-generated overview

This remarkable historical landmark, located at 501 Franklin Avenue in Aliquippa, Pennsylvania, presents a unique investment opportunity. The property, formerly a Union Hall, boasts a substantial footprint spread across three levels. The main level features a generously sized 75x40 foot open space, ideal for a variety of retail uses. Below ground, a large 40x55 foot basement offers ample storage or additional development potential. Upstairs, a massive 85x40 foot office area provides flexibility for administrative functions or expansion of the main retail space. Constructed of durable stone and steel, the building has undergone significant recent improvements. These include a brand new roof, a completely updated heating and air conditioning system, and new plumbing throughout, ensuring modern functionality and reduced maintenance costs. The property also includes an undeveloped green space, offering the possibility of creating additional parking to enhance the property's appeal and functionality. With its prime location in Aliquippa and its impressive size and recent renovations, this property represents a rare chance to acquire a significant piece of local history and transform it into a thriving commercial enterprise. The asking price is $250,000, and the lot size is 0.17 acres. This is a truly exceptional opportunity for a discerning investor.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1927
Lot 0.17 ac (7,405 SF)
UPID US73-0622860

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2016
2 recorded transactions
2016
$19,000
2016
$19,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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