For Sale
$750,000

614 Washington AveBridgeville, PA 15017

7-Unit Storefront, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property, located at 614 Washington Ave in Bridgeville, Pennsylvania, presents a compelling investment opportunity. The building features four ground-floor retail spaces ideally situated to benefit from high foot traffic in a thriving local economy. Above the commercial units are three residential apartments, providing additional income streams and appealing to tenants seeking convenient urban living. The property boasts a 7.81% cap rate and a strong net operating income (NOI) of $58,555, based on an asking price of $750,000. Each of the seven units commands a price of $107,142.86. The property's Allegheny County location (APN 0255-N-00056-0000-00) and included parking lot enhance its value and appeal. This stabilized investment offers a blend of commercial and residential income, making it an attractive option for investors seeking a diversified portfolio. The property's prime location in Bridgeville, PA (zip code 15017) ensures consistent tenant occupancy and strong rental income. This is a chance to acquire a well-maintained multi-unit building in a vibrant community, offering a balanced mix of commercial potential and residential appeal. The property is ready for immediate income generation and presents a solid return on investment.

Property Details for 614 Washington Ave

Property type
Retail properties, Mixed-use properties
Units
7

Location Insight

City
Bridgeville
County
Allegheny
State
Pennsylvania
Latitude
40.356888645171
Longitude
-80.11305594696
614 Washington Ave, Bridgeville, Pennsylvania

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614 Washington Ave
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