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    317 Maiden St Washington, PA 15301

    For Sale
    $749,000

    High-Visibility Redevelopment Opportunity

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.49-acre corner lot in Washington, PA, presents a unique redevelopment opportunity. Located at 317 E Maiden St, this property boasts 2,500 square feet across two buildings and two stories, currently housing a laundromat and four apartments (former car wash non-functional). The site benefits from high visibility on a signalized corner with 16,000 daily vehicles passing by, and includes 20 off-street parking spaces. Zoned GB, it allows for diverse uses including restaurants, banks, and retail, making it ideal for various businesses. The asking price is $749,000, representing $299.60 per square foot, with an 8% cap rate based on current income from the laundromat and apartments (note: tax returns are unavailable). The property enjoys 100% occupancy as of February 21, 2023, with a remaining lease term of one year on the existing tenants. Its proximity to Washington and Jefferson College presents additional development potential. This is a rare opportunity to acquire a prime corner location in a desirable area with significant redevelopment potential. The value is primarily in the land itself. All information is deemed reliable but not guaranteed.

    Property Features for 317 Maiden St

    General Information

    Property type
    Restaurants
    Square Feet
    2,500 SF
    Class
    B
    Lot Size
    21,344 SF

    Building Details

    Buildings
    2
    Stories
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Snowy White Coin ... Laundry Service LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Washington
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.23749
    Latitude
    40.1675241

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    FAQs

    What type of property is this?
    Restaurant - High-Visibility Redevelopment Opportunity
    Where is this restaurant located?
    The property is located at 317 Maiden St Washington, PA.
    What is the asking price?
    The asking price for this property is $749,000.
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    317 Maiden St Washington, PA 15301
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    Washington, PA 15301
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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
    317 Maiden St Washington, PA 15301
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