938 Oakland Ave Indiana, PA 15701
- Investment properties
- 7,200 SF
- 0.46 lot acres
Current Use by Public Records
- Bronze FX Tanning / Tanning Salon
Property Details for 938 Oakland Ave
- Year built
- 1940
- Lot size
- 0.46 lot acres
- Property size
- 7,200 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 24-003-409
- APU
- 24003409
Description
This exceptional commercial property, situated at 938 Oakland Avenue in Indiana, Pennsylvania, presents a lucrative investment opportunity. Ideally located adjacent to Indiana University of Pennsylvania's main campus, this well-maintained building boasts significant street frontage on the heavily trafficked State Route 286/Oakland Avenue. The property encompasses a substantial 0.46-acre lot and offers a unique blend of income streams. The building houses 10 beautifully appointed suites, providing comfortable accommodation for 41 students. A well-established and consistently profitable coin-operated laundromat is also integrated into the property, adding another layer of revenue generation. Further enhancing the property's appeal is a covered courtyard providing ample outdoor space, abundant parking, and full ADA accessibility. A comprehensive security system ensures the safety and security of the building and its occupants. This turnkey operation is ready for immediate income generation and presents a compelling opportunity for both seasoned and new commercial real estate investors seeking a high-return, diversified portfolio addition. The property's prime location, diverse income streams, and excellent condition make it a truly exceptional investment prospect.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indiana
- County
- Indiana
- State
- Pennsylvania
- Longitude
- -79.1571
- Latitude
- 40.6208
- CBSA code
- 26860
- CBSA name
- INDIANA, PA MICROPOLITAN STATISTICAL AREA
