314-316 Clay Ave Jeannette, PA 15644
- Commercial real estate
- 10,000 SF
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 314-316 Clay Ave
- Year built
- 1927
- Lot size
- 0.11 lot acres
- Property size
- 10,000 SF
- Property type
- Commercial real estate
- APN
- 14-01-16-0-252
- APU
- 1401160252
Description
This stunning 1927 landmark building, formerly the GC Murphy store, presents a unique opportunity for retail investors. Boasting 15,000 square feet of retail space spread across three levels, this property offers exceptional versatility. The building has been meticulously restored, showcasing its original architectural beauty. The main level features two sets of stairs providing convenient front and rear access to all floors. The upper level includes a complete en-suite bathroom, adding to the property's functionality. Modern updates include a completely overhauled electrical system, a new HVAC system, updated plumbing, and a state-of-the-art security alarm system. Situated on a 0.11-acre lot in the vibrant city of Jeannette, Pennsylvania, this property is ideally positioned for a variety of retail uses. Its prominent location and historical significance offer a compelling combination of character and commercial potential. The substantial square footage allows for diverse layouts and configurations, catering to a wide range of business needs. This is a rare chance to acquire a piece of Jeannette's history and establish a thriving retail presence in a well-established community. The property is priced at $249,900. Don't miss this exceptional investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $160,000
- 7%
- $160,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $175,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $145,000
- Mixed-Use
- $145,000
- Hospitality
- $160,000
- Educational
- $190,000
- Residential Income
- $190,000
- Energy
- $170,000
- Income-Based Land
- $155,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Jeannette
- County
- Westmoreland
- State
- Pennsylvania
- Longitude
- -79.6176
- Latitude
- 40.3269
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA