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    1411 Wayne Ave Indiana, PA 15701

    Sponsored
    For Sale
    $890,000

    1.1-Acre Commercial Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.1-acre commercial land parcel presents a unique redevelopment opportunity in Indiana, Pennsylvania. Strategically located at the highly visible, signalized intersection of Business 422 (Wayne Avenue) and Indian Springs Road, this property boasts exceptional visibility and accessibility. Currently occupied by a 20-unit family-run motel, the site offers significant potential for a variety of commercial ventures. The absence of zoning restrictions in White Township, Indiana County, provides flexibility for developers. The area demonstrates strong demographics, with 27,351 people and 10,439 households within a 3-mile radius. High traffic counts of 11,092 vehicles daily on US Bus 422 (Wayne Avenue) ensure substantial exposure. The property's proximity to major retail anchors, including Walmart, Giant Eagle, Lowe's, and the Indiana Mall, further enhances its appeal. Indiana University of Pennsylvania (IUP) is also within 2 miles, adding to the potential customer base. All utilities are readily available on-site, simplifying development plans. This prime location and the absence of zoning restrictions make this an exceptional investment opportunity for developers seeking a high-impact commercial project in a thriving community. The asking price for this remarkable property is $890,000.

    Property Features for 1411 Wayne Ave

    General Information

    Property type
    Land
    Lot Size
    47,916 SF

    HighLights

    • $890,000 asking price for 1.1 acres of commercial land.
    • Located at a major signaled intersection in Indiana, PA, on Wayne Avenue (Business 422).
    • Redevelopment opportunity; currently a 20‑unit motel.
    • No zoning restrictions in White Township, Indiana County.
    • High traffic count (11,092 vehicles daily) on Wayne Avenue; proximity to IUP, Walmart, Giant Eagle, Lowe's, and Indiana Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Four Flags Inn Motel

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Dental Office Hair Salon Auto Repair Shop Auto Parts Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indiana
    County
    Indiana
    State
    Pennsylvania
    Longitude
    -79.1616065
    Latitude
    40.5939148

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    FAQs

    What type of property is this?
    Land - 1.1-Acre Commercial Lot, High Traffic
    Where is this land located?
    The property is located at 1411 Wayne Ave Indiana, PA.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: $890,000 asking price for 1.1 acres of commercial land.; Located at a major signaled intersection in Indiana, PA, on Wayne Avenue (Business 422).; Redevelopment opportunity; currently a 20-unit motel.
    Request Owner's contact information
    1411 Wayne 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
    1411 Wayne Ave Indiana, PA 15701
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