626 5th Ave Coraopolis, PA 15108-1573
This 4,320 square foot mixed-use building, located at 626 5th Ave in Coraopolis, Pennsylvania, presents a compelling value-add investment opportunity. The four-story structure, built in 1920, sits on a 0.17-acre lot (APN 419-C-270) and is zoned C-3 Planned Shopping, permitting office or retail space with residential units above. Currently vacant, the building offers significant potential for renovation and repurposing. The first floor is suitable for office or retail use, while the second and third floors, previously used as offices and exam rooms, each include a full bathroom and kitchen and can be converted into two-bedroom apartments. The fourth floor is a shell, ready for build-out. Recent renovations include new exterior staircases. The building features separate entrances for each floor/apartment and on-street parking is available. Its prime location on 5th Ave/PA-51, the main thoroughfare through Coraopolis, and its proximity (2.7 miles) to the I-79 N/S interchange, enhance its appeal. The asking price is $375,000. The roof is approximately 18 years old. This property is ideal for owner-occupancy or investment, offering a chance to create significant value.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.