1149 Merchant StAmbridge, PA 15003
- Office properties
- 3,228 SF
Property Details for 1149 Merchant St
- Year built
- 1929
- Construction
- BRICK
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 3,228 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 11-004-0535.000
- APU
- 110040535000
Description
This exceptional mixed-use building presents a compelling investment opportunity in the revitalizing borough of Ambridge, Pennsylvania. Situated on bustling Merchant Street, this two-story property boasts high visibility and accessibility for pedestrians, vehicles, and public transportation. The building offers two designated parking spaces at the rear, supplemented by on-street parking in front. Historically utilized as a combined residence and barber shop on the first floor, with two leased apartment units on the second, this property offers diverse potential uses. Imagine expanding upon the existing configuration as a boarding house, student housing, or even an Airbnb operation. The fully functional barber shop retains its original architectural charm. The building has been meticulously maintained throughout its family ownership, with significant updates including a new boiler (installed end of 2022), a roof replacement in 2015, new windows, a new washer/dryer, a recently replaced rear entrance door, and updated exterior lighting. A functional security system is in place and transferable to the new owner. The property also features emergency lighting and smoke alarms compliant with all current codes. The 0.05-acre lot provides ample space for the building and its associated uses. This property is priced at $195,000 and represents a rare chance to acquire a well-maintained, versatile property in a growing community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $613,892
- 6.5%
- $566,669
- 7%
- $526,193
-
Comparable approach
- Method
- Valuation
- Relative Method
- $301,947
- Geo Method
- $301,947
-
Alternative Use
- Use
- Valuation
- Residential
- $702,670
- Hospitality
- $643,642
- Educational
- $535,502
- Medical
- $553,919
- Retail
- $833,004
Location Insight
- City
- Ambridge
- County
- Beaver
- State
- Pennsylvania
- Latitude
- 40.5941
- Longitude
- -80.2308
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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