Technical
Financial
Distress signals
Property profile

602 Evans City Rd Butler, PA 16001

OFF-MARKET
Commercial real estate
Property ID
US73-2640353
1.47 ac lot
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 602 Evans City Rd in Butler, Pennsylvania (zip code 16001), presents a significant investment opportunity. The stately all-brick building boasts 9,624 square feet of space, situated on a generous 2.467-acre lot. Constructed in 1987 with additions in 1991 and 1994, the building showcases high-end original construction and features multiple entry points. Ample parking is provided with 52 spaces distributed across three parking areas. Currently configured to accommodate seven tenants, the flexible floor plan and lack of restrictive zoning offer a multitude of potential uses. The property benefits from a prime location at a traffic light intersection west of Butler, providing excellent visibility and accessibility. The building enjoys 314 feet of frontage on Evans City Rd. An additional adjoining parcel, offering 376 feet of road frontage on Whitestown Rd, includes a mobile home and detached garage, presenting further development or investment potential. The Pennsylvania Department of Transportation (PennDOT) is currently adding a turning lane to Route 68, further enhancing the property's accessibility. The asking price for this remarkable property is $1,500,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.47 ac (63,903 SF)
APN 120 3F45 21A0000
UPID US73-2640353

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
  • Financial Advisor
  • Urban Planning Department
  • Sustainability Organization
  • Medical Clinic
  • General Contractor

Location

602 Evans City Rd Butler, PA 16001-8728
Butler metro Census 911100 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2023
1 recorded transaction
2023
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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