135 Main St Butler, PA 16001
- Commercial real estate
- 0.08 lot acres
Current Use by Public Records
- Book Nook / Book Store / Magazine Store
Property Details for 135 Main St
- Lot size
- 0.08 lot acres
- Property type
- Commercial real estate
- APN
- 562 9 1900000
- APU
- 56291900000
Description
This exceptional investment opportunity presents a well-established, nostalgic storefront and apartment building located at 135 N Main St, Butler, PA. The property sits on a 0.08-acre lot and boasts a prime location with over 20,000 daily vehicles passing by, ensuring high visibility and foot traffic. The commercial storefront space, currently occupied, will become available in February, offering a blank canvas for a new business owner or the potential for continued lease income. The building also includes six fully occupied apartments, providing a consistent rental income stream. This mix of commercial and residential units creates a diversified investment portfolio with significant potential for growth. A one-stall garage offers additional storage space, adding to the property's overall functionality. The asking price for this unique property is $550,000. This is a rare chance to acquire a well-situated property with a proven track record in a thriving area. The combination of a high-traffic location, existing rental income, and the potential for a new commercial tenant makes this an attractive opportunity for savvy investors seeking a strong return on investment. Don't miss out on this chance to own a piece of Butler's history and future.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $520,000
- 6.5%
- $440,000
- 7%
- $495,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $460,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $480,000
- Retail
- $550,000
- Mixed-Use
- $500,000
- Hospitality
- $490,000
- Educational
- $420,000
- Residential Income
- $500,000
- Energy
- $550,000
- Income-Based Land
- $460,000
- Food Service
- $530,000
Location Insight
- Map
- Local Demand
- City
- Butler
- County
- Butler
- State
- Pennsylvania
- Longitude
- -79.8948
- Latitude
- 40.8617
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA