953 Hayden Blvd Elizabeth, PA 15037-1656
- Retail space
- 0.17 lot acres
Current Use by Public Records
- Retail space
Property Details for 953 Hayden Blvd
- Lot size
- 0.17 lot acres
- Property type
- Retail space
- APN
- 1271-E-5
- APU
- 1271E5
Description
This exceptional investment opportunity presents two commercial/retail buildings situated on a nearly one-acre lot comprised of four parcels in Elizabeth Township, Pennsylvania. Boasting an impressive 411 feet of frontage on Route 51, this property offers unparalleled visibility and accessibility. The main building, formerly 51 Auto Parts, encompasses 5135 square feet, complemented by an additional 612-square-foot utility building. A second building, previously an adult video store, offers 1232 square feet of space. Ample paved parking is available between the two structures. The property's strategic location and substantial size make it ideal for a variety of commercial uses. The seller is reserving a cell tower lease, currently located at the rear of the property, adding a significant potential revenue stream. This turnkey investment presents a rare chance to acquire a well-positioned, multi-building property with significant development potential in a high-traffic area. The property's size and location provide excellent opportunities for expansion or redevelopment, catering to a wide range of business needs. The existing buildings offer immediate income potential, while the ample land provides flexibility for future growth. This is a unique opportunity to capitalize on a prime commercial location in a thriving community. The asking price is $375,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $400,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $420,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $330,000
- Retail
- $385,000
- Mixed-Use
- $410,000
- Hospitality
- $325,000
- Educational
- $325,000
- Residential Income
- $400,000
- Energy
- $320,000
- Income-Based Land
- $385,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.8787
- Latitude
- 40.2652
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA