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Property profile & analytics
OFF-MARKET Estimated value $1,415,000
Investment properties

938 Oakland Ave Indiana, PA 15701-2663

7,200 SF 0.46 ac lot Built 1940
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US73-4818769
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 7,200 SF
Lot 0.46 ac (20,038 SF)
APN 24-003-409
UPID US73-4818769
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bronze FX Tanning Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.32M
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$1.42M
Owner & transaction history
Zaucha Family Limited Partnership · 13 yrs held
Zaucha Family Limited Partnership
since 2013
3 recorded transactions
2019
Price N/A
2013
$390,000
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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