984 Jefferson Ave Washington, PA 15301
- Retail properties
- 0.43 lot acres
Current Use by Public Records
- Retail properties
Property Details for 984 Jefferson Ave
- Lot size
- 0.43 lot acres
- Property type
- Retail properties
Description
This exceptional mixed-use investment property presents a compelling opportunity in a prime Washington, Pennsylvania location. Situated at the signalized intersection of Jefferson Avenue and Wylie Avenue, this stabilized asset boasts 24 residential units positioned above four retail tenants, ensuring a consistent income stream. The 0.43-acre lot provides ample space and visibility, capitalizing on its position in one of Washington's busiest intersections. Currently, the property offers a strong foundation for immediate returns, but significant upside potential exists for value-add investors. By leasing vacant spaces and implementing strategic unit upgrades, a new owner can capitalize on market rental rates and substantially increase net operating income (NOI). The existing tenant mix provides a diversified revenue base, mitigating risk and offering stability. This property is ideal for investors seeking a proven performer with considerable room for growth and enhanced profitability through proactive management and modernization. The strategic location and existing infrastructure create a solid foundation for long-term appreciation and consistent cash flow. This is a rare opportunity to acquire a high-yield mixed-use property in a thriving Pennsylvania market. The property's size and location make it an attractive investment for both seasoned and emerging investors seeking a stable and profitable venture.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- Washington
- State
- Pennsylvania
- Longitude
- -80.2637
- Latitude
- 40.182
