129 Grand Ave Mars, PA 16046-3410
This exceptional mixed-use property in Mars, Pennsylvania, presents a compelling investment opportunity. Located at 129 Grand Avenue, this two-story building boasts a prime corner lot on the main street, offering high visibility and accessibility. The main level features approximately 2,400 square feet of vacant commercial space, previously occupied by a pharmacy, now ready for a variety of businesses. Two separate street entrances enhance convenience and potential. A fully operational bakery occupies the rear of the ground floor. The basement provides ample storage and a powder room. Upstairs, two residential apartments generate additional income. One apartment includes two bedrooms, a full bath, and an updated kitchen; the other offers one-plus bedrooms, a full bath, a kitchen, and a bonus room. The property includes ten dedicated parking spaces, supplemented by adjacent public parking. All tenants maintain separate utility accounts. Roof access is available. This property benefits from its location in the thriving Mars Area School District, combining small-town charm with easy access to major highways. The building's 75% occupancy and stabilized investment status make it an attractive proposition. The asking price is $599,900. The total square footage ranges from 2,400 to 3,600 square feet. Low taxes further enhance the return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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.