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    614 Washington Ave Bridgeville, PA 15017

    Sponsored
    For Sale
    $750,000

    7-Unit Storefront, High NOI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 614 Washington Ave in Bridgeville, Pennsylvania, presents a compelling investment opportunity. The building features four ground-floor retail spaces ideally situated to benefit from high foot traffic in a thriving local economy. Above the commercial units are three residential apartments, providing additional income streams and appealing to tenants seeking convenient urban living. The property boasts a 7.81% cap rate and a strong net operating income (NOI) of $58,555, based on an asking price of $750,000. Each of the seven units commands a price of $107,142.86. The property's Allegheny County location (APN 0255-N-00056-0000-00) and included parking lot enhance its value and appeal. This stabilized investment offers a blend of commercial and residential income, making it an attractive option for investors seeking a diversified portfolio. The property's prime location in Bridgeville, PA (zip code 15017) ensures consistent tenant occupancy and strong rental income. This is a chance to acquire a well-maintained multi-unit building in a vibrant community, offering a balanced mix of commercial potential and residential appeal. The property is ready for immediate income generation and presents a solid return on investment.

    Property Features for 614 Washington Ave

    General Information

    Property type
    Individual retail properties

    Building Details

    Units
    7
    Property Profile Location Intelligence

    Current Use by Public Records

    Embody Hot Yoga Yoga Studio

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeville
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.11305594696
    Latitude
    40.356888645171

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - 7-Unit Storefront, High NOI
    Where is this individual retail property located?
    The property is located at 614 Washington Ave Bridgeville, PA.
    What is the asking price?
    The asking price for this property is $750,000.
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    614 Washington Ave Bridgeville, PA 15017
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    Bridgeville, PA 15017
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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 Washington Ave Bridgeville, PA 15017
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