608 Washington Ave Bridgeville, PA 15017
- Retail residential properties
- 0.14 lot acres
Current Use by Public Records
- M J Dental Lab / Dental Laboratory
- The Crafty Jackalope / Bar / Restaurant
Property Details for 608 Washington Ave
- Lot size
- 0.14 lot acres
- Property type
- Retail residential properties
- APN
- 255-N-58
- APU
- 255N58
Description
This exceptional Bridgeville, PA mixed-use property presents a compelling investment opportunity. Located at 608 Washington Ave, this stabilized investment boasts a 5.94% cap rate and a strong NOI of $59,382. The 4,812 square foot building features a thriving ground-floor bar, the Crafty Jackalope, attracting a consistent clientele. Above the commercial space are four residential units, each providing additional income streams. The property's strategic location on Washington Avenue ensures high visibility and accessibility, benefiting both commercial and residential occupants. With a total asking price of $1,000,000 ($200,000 per unit and $207.81 per square foot), this property offers a blend of immediate returns and long-term value growth. The Allegheny County property (APN: 0255-N-00058-0000-00, Zip: 15017) is a turnkey operation, ideal for investors seeking diverse income streams and a strong cash flow. The combination of a successful commercial tenant and residential units makes this a truly unique investment opportunity in a vibrant community. This is a rare chance to acquire a well-established, high-performing mixed-use property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $325,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $305,000
- Mixed-Use
- $335,000
- Hospitality
- $390,000
- Educational
- $290,000
- Residential Income
- $355,000
- Energy
- $290,000
- Income-Based Land
- $330,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Bridgeville
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.1132
- Latitude
- 40.3572
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA