1 Main St Lyndora, PA 16045
- Commercial real estate
- 0.30 lot acres
Current Use by Public Records
- ATM / Atm
Property Details for 1 Main St
- Lot size
- 0.30 lot acres
- Property type
- Commercial real estate
- APN
- 052 37 C1160000
- APU
- 05237C1160000
Description
This unique 250,000 USD property located at 1 Main St, Lyndora, PA, presents a compelling redevelopment opportunity. Previously operating as The Lyndora Hotel, this building sits on a 0.3-acre lot and offers significant potential for a variety of uses. The ground floor boasts a fully equipped restaurant with a functional kitchen and bar, ready for immediate use or renovation. Above, a large banquet room with a bar and ample natural light provides a versatile space for events or other commercial applications. The upper two floors, while currently unused, offer substantial additional square footage ripe for development. The property benefits from ample parking, a significant advantage in this location. Furthermore, the property's strategic location is enhanced by ongoing infrastructure improvements. A new athletic complex is under construction across Hansen Ave, and the intersection directly in front of the building is undergoing a complete renovation. This revitalization project promises increased foot traffic and visibility, making this a truly exceptional investment opportunity for an entrepreneur with vision. The building's history and prime location combine to create a unique chance to establish a thriving business in a rapidly developing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $325,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $375,000
- Mixed-Use
- $310,000
- Hospitality
- $315,000
- Educational
- $300,000
- Residential Income
- $340,000
- Energy
- $370,000
- Income-Based Land
- $340,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Lyndora
- County
- Butler
- State
- Pennsylvania
- Longitude
- -79.9128
- Latitude
- 40.8505
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA