Technical
Financial
Distress signals
Property profile

53 Oak Spg Rd Washington, PA 15301

OFF-MARKET
Retail space
Property ID
US73-0327902
1,600 SF 0.69 ac lot Built 1925
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional three-story, 3,000 square foot office building at 53 Oak Spring Road in Washington, Pennsylvania, presents a unique owner-user opportunity. Built in 1925 and extensively renovated in 2008, the property boasts a blend of historic character and modern functionality. Classified as a Class B building, it offers a single tenancy configuration, ideal for a business seeking a prominent presence. The asking price is $242,000, translating to $80.67 per square foot. Situated on a 0.7-acre lot, the property features two large paved parking lots providing ample parking for approximately 30 vehicles. The upper parking lot has received approval for vehicle storage. The building's convenient location offers high visibility and easy access to major roadways including I-70, I-79, and Route 19, requiring only a short drive from nearby traffic lights. The property is zoned C-2, allowing for a variety of commercial uses. This well-maintained building represents a compelling investment opportunity for businesses seeking a substantial and strategically located office space in Washington, PA. The property's combination of historical appeal, modern upgrades, and convenient location makes it an attractive option for discerning buyers.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1925
Total area 1,600 SF
Lot 0.69 ac (30,056 SF)
APN 600-003-01-04-0003-01
UPID US73-0327902

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Kennel & Boarding Facility
  • Alternative Medicine Practice Spa & Massage Center
  • Storage Facility

Location

53 Oak Spg Rd Washington, PA 15301-2862
Washington metro Census 755100 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2018
3 recorded transactions
2018
$235,000
2017
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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