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    938 Oakland Ave Indiana, PA 15701

    Sponsored
    For Sale
    $1,750,000

    High-yield student housing & laundromat.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, situated at 938 Oakland Avenue in Indiana, Pennsylvania, presents a lucrative investment opportunity. Ideally located adjacent to Indiana University of Pennsylvania's main campus, this well-maintained building boasts significant street frontage on the heavily trafficked State Route 286/Oakland Avenue. The property encompasses a substantial 0.46-acre lot and offers a unique blend of income streams. The building houses 10 beautifully appointed suites, providing comfortable accommodation for 41 students. A well-established and consistently profitable coin-operated laundromat is also integrated into the property, adding another layer of revenue generation. Further enhancing the property's appeal is a covered courtyard providing ample outdoor space, abundant parking, and full ADA accessibility. A comprehensive security system ensures the safety and security of the building and its occupants. This turnkey operation is ready for immediate income generation and presents a compelling opportunity for both seasoned and new commercial real estate investors seeking a high-return, diversified portfolio addition. The property's prime location, diverse income streams, and excellent condition make it a truly exceptional investment prospect.

    Property Features for 938 Oakland Ave

    General Information

    Property type
    Retail properties
    Lot Size
    20,038 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Bronze FX Tanning Tanning Salon

    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
    Indiana
    County
    Indiana
    State
    Pennsylvania
    Longitude
    -79.15707
    Latitude
    40.62083

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    FAQs

    What type of property is this?
    Retail property - High-yield student housing & laundromat.
    Where is this retail property located?
    The property is located at 938 Oakland Ave Indiana, PA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    (724) 349-8040
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    938 Oakland Ave Indiana, PA 15701
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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
    938 Oakland Ave Indiana, PA 15701
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