416 Washington Ave Carnegie, PA 15106

Property Details for 416 Washington Ave

Lot size

0.17 lot acres

Property type

Investment properties

Property subtype

Live-work space

APN

103-M-104

APU

103M104

Description

This exceptional retail property at 416 Washington Ave, Carnegie, PA, presents a unique investment opportunity. The building boasts a highly visible storefront and billboard location on Route 50, within the thriving Carnegie business district. A long-term tenant, PPG Paint Store, occupies the space under a lease extending to mid-2027, providing immediate and consistent income. The building itself is structurally sound, featuring a recently warranted flat rubber roof. The second floor offers versatile office space, including fully equipped kitchen appliances (refrigerator, microwave, etc.), large conference rooms, and individual offices, making it nearly move-in ready. While some minor cosmetic updates, such as carpet replacement in certain rooms, are recommended, the common areas are exceptionally clean. A secondary tenant currently occupies approximately 1300 square feet of the second floor on a month-to-month basis. The property includes a separate parking lot located approximately 100 feet away (parcel 103-M-22), providing ample parking for both tenants and customers. The listed real estate taxes reflect the combined total for both parcels. The property's combination of a national tenant, abundant parking, and high visibility makes it an attractive investment with significant potential for long-term growth. The landlord pays taxes and insurance, making this a self-supporting investment. The 0.17-acre lot offers significant potential for future development or expansion. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a prime location.

Location Insight

City

Carnegie

County

Allegheny

State

Pennsylvania

Longitude

-80.0839

Latitude

40.4086

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments