For Sale
$599,900

129 Grand AveMars, PA 16046

Prime Mars location, multi-tenant income.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property in Mars, Pennsylvania, presents a compelling investment opportunity. Located at 129 Grand Avenue, this two-story building boasts a prime corner lot on the main street, offering high visibility and accessibility. The main level features approximately 2,400 square feet of vacant commercial space, previously occupied by a pharmacy, now ready for a variety of businesses. Two separate street entrances enhance convenience and potential. A fully operational bakery occupies the rear of the ground floor. The basement provides ample storage and a powder room. Upstairs, two residential apartments generate additional income. One apartment includes two bedrooms, a full bath, and an updated kitchen; the other offers one-plus bedrooms, a full bath, a kitchen, and a bonus room. The property includes ten dedicated parking spaces, supplemented by adjacent public parking. All tenants maintain separate utility accounts. Roof access is available. This property benefits from its location in the thriving Mars Area School District, combining small-town charm with easy access to major highways. The building's 75% occupancy and stabilized investment status make it an attractive proposition. The asking price is $599,900. The total square footage ranges from 2,400 to 3,600 square feet. Low taxes further enhance the return on investment.

Highlights

  • $599,900 Asking Price.
  • Mixed-use property encompassing retail, multifamily, and office space.
  • 2,400 - 3,600 square feet, 75% occupancy.
  • Ten dedicated parking spaces plus adjacent public parking.
  • Located at 129 Grand Ave, Mars, PA 16046, in the Mars Area School District.

Property Details for 129 Grand Ave

Property type
Retail properties, Restaurants
Square Feet
2,400 SF

Location Insight

City
Mars
County
Butler
State
Pennsylvania
Latitude
40.69675635
Longitude
-80.01045226
129 Grand Ave, Mars, Pennsylvania

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129 Grand Ave
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