1070 Wayne Ave Indiana, PA 15701-2951
This exceptional commercial investment property, located at 1070 Wayne Avenue in Indiana, PA, presents a unique opportunity. Situated on a 0.13-acre lot in a highly desirable Indiana County location, this building boasts a recently updated interior and exterior. The main level, currently leased for two years, features a welcoming entrance area, multiple versatile rooms, and a stunning gas fireplace in the rear. The space is finished with tasteful, appealing rooms and new (2021) luxury vinyl flooring throughout. Ample parking is available, including designated handicap-accessible spaces. Upstairs, a luxurious two-bedroom apartment offers a full bath, a kitchen equipped with brand-new appliances, a central area ideal for an office or entertainment space, and a laundry room with washer and dryer included. This upper level also features luxury vinyl flooring. The entire property has undergone a modern transformation, both inside and out, including a paved parking lot and additional parking area. This "grand property" is perfect for an investor seeking a blend of commercial and residential income streams. The property is priced at $389,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.