322 3Rd St California, PA 15419
For Sale
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Property summary
This exceptional investment opportunity presents a 1500-square-foot retail space ideally situated in the vibrant college town of California, Pennsylvania. The main level boasts ample space for a variety of retail businesses, complete with all fixtures, including two cash registers, a security camera system, and an alarm system. A convenient office and storage area are also included within the main retail space. Note that the storefront is subject to a four-year restriction prohibiting use as a drugstore or beauty supply store. Adding significant value, the property includes two upstairs apartments, each featuring two bedrooms, a refrigerator, and a stove. A shared washer and dryer is conveniently located in a common area. Access to the apartments is secured via two separate entrances. A 1.5-car garage is also part of the property and can be rented out for additional income. A large basement provides extensive storage space. This property sits on a 0.08-acre lot (approximately 23ft x 153ft). Furthermore, there's a potential to acquire a separate 13-car parking lot across the street, measuring approximately 24ft x 150ft and 25ft x 151ft, which is currently generating rental income. This presents a unique opportunity to expand the investment portfolio and enhance the overall profitability of this already attractive property. The asking price for this combined retail and residential property is $179,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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