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Property profile & analytics
OFF-MARKET
Retail space

1070 Wayne Ave Indiana, PA 15701-2951

2,388 SF 0.13 ac lot Built 1940
Entity Owned 3-yr Hold Free & Clear
Property ID
US73-4731635
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Total area 2,388 SF
Lot 0.13 ac (5,663 SF)
APN 42-015-115
UPID US73-4731635
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Myers & Miller Properties LLC · 3 yrs held
Myers & Miller Properties LLC
since 2023
Last sale
$75,000
3 recorded transactions
2023
$75,000
2021
Price N/A
2016
$100,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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