533 State StMeadville, PA 16335

Property Details for 533 State St

Lot size

0.33 AC

Property size (Sq ft)

4,008 SF

Property type

Mixed-use properties

Property subtype

High-rise multifamily apartments

Description

This exceptional mixed-use investment opportunity in Meadville, Pennsylvania, presents a compelling chance to acquire a profitable, multi-unit property. The property consists of two buildings, totaling 4,008 square feet, situated on a 0.33-acre lot. The buildings feature a commercial garage, a studio apartment, and two additional rental apartments, currently boasting 100% occupancy. One apartment has recently undergone updates, enhancing its appeal and rental potential. The property also benefits from a newer roof and rear porches, minimizing immediate maintenance concerns. Located conveniently near Allegheny College and the hospital, this property enjoys a high-demand location with ample parking. The zoning is designated CMLLSE. The asking price is $188,900, translating to a price per square foot of $47.13. This owner-user investment presents a stable income stream due to the long-term nature of commercial leases and the existing high occupancy rate. The property's two buildings are two stories each. Property APN is 3400-008-D-35 & 36. This is a turnkey investment ready for immediate income generation. The property's strong location and existing income make it an attractive opportunity for investors seeking a stable and profitable addition to their portfolio.

Location Insight

City

Meadville

County

Crawford

State

Pennsylvania

Latitude

41.64

Longitude

-80.1449

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