697 Vanderbilt Rd Connellsville, PA 15425
- Assisted living facilities
- 2.22 lot acres
Current Use by Public Records
- Assisted living facilities
Property Details for 697 Vanderbilt Rd
- Lot size
- 2.22 lot acres
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 09-11-0302
- APU
- 9110302
Description
This expansive commercial property, located at 697 Vanderbilt Road in Connellsville, PA, presents a remarkable investment opportunity. The nearly 7,000 square foot, two-story building sits on a generous 2.22-acre lot, offering ample parking and a large pavilion. Previously used as a hotel and more recently a personal care home with a 41-bed capacity, the possibilities for this versatile space are extensive. The lower level is fully finished and includes a substantial commercial kitchen, ideal for a variety of food service or hospitality businesses. The upper level features numerous rooms, each with its own private bathroom, along with several common areas, offices, and abundant storage. Handicapped-accessible restrooms are also available. The building's solid structure ensures a strong foundation for future development. Its highly visible location boasts excellent traffic counts, making it an attractive option for businesses seeking high exposure. The property's size and features make it suitable for a wide range of commercial uses, from healthcare facilities to hospitality ventures, or even adaptive reuse projects. This is a rare opportunity to acquire a substantial commercial property with significant potential in a desirable location. The asking price is $274,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $325,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $410,000
- Mixed-Use
- $420,000
- Hospitality
- $335,000
- Educational
- $340,000
- Residential Income
- $375,000
- Energy
- $310,000
- Income-Based Land
- $330,000
- Food Service
- $390,000
Location Insight
- Map
- Local Demand
- City
- Connellsville
- County
- Fayette
- State
- Pennsylvania
- Longitude
- -79.6138
- Latitude
- 40.0207
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA