533 State St Meadville, PA 16335
- Mixed-use properties
- 4,008 SF
- 0.33 lot acres
Current Use by Public Records
- Nicole Bauer at Exclusive Concept Salon / Beauty Salon
Property Details for 533 State St
- Lot size
- 0.33 lot acres
- Property size
- 4,008 SF
- Property type
- Mixed-use properties
- Property subtype
- High-rise multifamily apartments
Description
This exceptional mixed-use investment opportunity in Meadville, Pennsylvania, presents a compelling chance to acquire a profitable, multi-unit property. The property consists of two buildings, totaling 4,008 square feet, situated on a 0.33-acre lot. The buildings feature a commercial garage, a studio apartment, and two additional rental apartments, currently boasting 100% occupancy. One apartment has recently undergone updates, enhancing its appeal and rental potential. The property also benefits from a newer roof and rear porches, minimizing immediate maintenance concerns. Located conveniently near Allegheny College and the hospital, this property enjoys a high-demand location with ample parking. The zoning is designated CMLLSE. The asking price is $188,900, translating to a price per square foot of $47.13. This owner-user investment presents a stable income stream due to the long-term nature of commercial leases and the existing high occupancy rate. The property's two buildings are two stories each. Property APN is 3400-008-D-35 & 36. This is a turnkey investment ready for immediate income generation. The property's strong location and existing income make it an attractive opportunity for investors seeking a stable and profitable addition to their portfolio.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Meadville
- County
- Crawford
- State
- Pennsylvania
- Longitude
- -80.1449
- Latitude
- 41.64
