Property profile

314-316 Clay Ave Jeannette, PA 15644

OFF-MARKET
Commercial real estate
Property ID
US73-1473509
10,000 SF 0.11 ac lot Built 1927
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This stunning 1927 landmark building, formerly the GC Murphy store, presents a unique opportunity for retail investors. Boasting 15,000 square feet of retail space spread across three levels, this property offers exceptional versatility. The building has been meticulously restored, showcasing its original architectural beauty. The main level features two sets of stairs providing convenient front and rear access to all floors. The upper level includes a complete en-suite bathroom, adding to the property's functionality. Modern updates include a completely overhauled electrical system, a new HVAC system, updated plumbing, and a state-of-the-art security alarm system. Situated on a 0.11-acre lot in the vibrant city of Jeannette, Pennsylvania, this property is ideally positioned for a variety of retail uses. Its prominent location and historical significance offer a compelling combination of character and commercial potential. The substantial square footage allows for diverse layouts and configurations, catering to a wide range of business needs. This is a rare chance to acquire a piece of Jeannette's history and establish a thriving retail presence in a well-established community. The property is priced at $249,900. Don't miss this exceptional investment opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1927
Total area 10,000 SF
Lot 0.11 ac (5,000 SF)
APN 14-01-16-0-252
UPID US73-1473509

Cap rate & NOI

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

Location

314-316 Clay Ave Jeannette, PA 15644
Jeannette metro Census 802800 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2021
Last sale
$125,000
2 recorded transactions
2021
$125,000
1969
Price N/A

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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