2928 Park Rd Bethel Park, PA 15102-1638
- Turn key restaurants
- 0.31 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 2928 Park Rd
- Lot size
- 0.31 lot acres
- Property type
- Turn key restaurants
- APN
- 476-R-234
- APU
- 476R234
Description
This exceptional commercial property, located at 2928-2930 South Park Road in Allegheny County, offers a unique investment opportunity. The property encompasses a total of 11,931 square feet across three stories and sits on a 0.65-acre lot. Two spaces are currently available for lease. One space at 2928 South Park Road offers 1,284 square feet, ideal for office or retail use, and includes 15+ parking spaces and excellent signage opportunities. The second space, located at 2930 South Park Road, comprises 2,169 square feet and is a former restaurant space. The property also includes a three-story apartment building (6,894 sq ft) with two garages, all currently rented, presenting a strong cash flow potential for investors. The entire property boasts high visibility with 104 feet of frontage on South Park Road, experiencing an average daily traffic count exceeding 14,530 vehicles. The spacious interiors offer versatile layout options, and ample parking is available for both customers and staff. Its strategic location near established businesses and residential areas ensures high foot traffic and customer accessibility. The minimum divisible space is 1,284 square feet, while the maximum contiguous space available is 2,169 square feet. A total of 3,453 square feet is currently vacant. This property presents a compelling opportunity for owner-occupiers seeking to combine business operations with rental income or for investors looking to capitalize on a high-traffic location with multiple income streams.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $220,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $225,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $185,000
- Mixed-Use
- $230,000
- Hospitality
- $220,000
- Educational
- $235,000
- Residential Income
- $240,000
- Energy
- $195,000
- Income-Based Land
- $240,000
- Food Service
- $205,000
Location Insight
- Map
- Local Demand
- City
- Bethel Park
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.0406
- Latitude
- 40.3282
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA