For Sale
$1,750,000

938 Oakland AveIndiana, PA 15701

High-yield student housing & laundromat.

Overview

Added:
Feb 3
Days on market:
61
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 Details for 938 Oakland Ave

Property type
Retail properties
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Indiana
County
Indiana
State
Pennsylvania
Latitude
40.62083
Longitude
-79.15707
938 Oakland Ave, Indiana, Pennsylvania

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938 Oakland Ave
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