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Property profile

614 Hancock Ave Vandergrift, PA 15690

Commercial real estate
Property ID
US73-1396913
View Sample
0.03 ac lot
Individually Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional commercial property at 614 Hancock Ave, Vandergrift, PA, presents a unique investment opportunity. The building houses a well-established bar with a rich history spanning over 50 years, ensuring a strong foundation for continued success. Its prime location in the heart of Vandergrift guarantees high visibility and accessibility to a loyal customer base. The bar itself is fully operational, featuring a functional kitchen and restrooms, ready for immediate use. The versatility of the space allows for various business concepts, making it an ideal canvas for an entrepreneur's vision. Adding to its appeal is a sizable apartment located upstairs. This space offers significant potential for generating additional rental income, providing a supplementary revenue stream. Alternatively, it can be utilized as valuable storage space to support the bar's operations. The property sits on a conveniently sized 0.03-acre lot. Priced at $199,900, this property offers a compelling blend of established business, income potential, and prime location, making it an attractive investment for discerning buyers. The existing infrastructure and operational history minimize start-up costs and risks, allowing for a smooth transition and immediate return on investment. Don't miss this chance to acquire a thriving business with significant upside potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.03 ac (1,415 SF)
APN 37-01-09-0-483
UPID US73-1396913

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
  • Bar & Pub
  • Atm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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