608 Washington AveBridgeville, PA 15017

Property Details for 608 Washington Ave

Lot size

0.14 AC

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

255-N-58

APU

255N58

Description

This exceptional Bridgeville, PA mixed-use property presents a compelling investment opportunity. Located at 608 Washington Ave, this stabilized investment boasts a 5.94% cap rate and a strong NOI of $59,382. The 4,812 square foot building features a thriving ground-floor bar, the Crafty Jackalope, attracting a consistent clientele. Above the commercial space are four residential units, each providing additional income streams. The property's strategic location on Washington Avenue ensures high visibility and accessibility, benefiting both commercial and residential occupants. With a total asking price of $1,000,000 ($200,000 per unit and $207.81 per square foot), this property offers a blend of immediate returns and long-term value growth. The Allegheny County property (APN: 0255-N-00058-0000-00, Zip: 15017) is a turnkey operation, ideal for investors seeking diverse income streams and a strong cash flow. The combination of a successful commercial tenant and residential units makes this a truly unique investment opportunity in a vibrant community. This is a rare chance to acquire a well-established, high-performing mixed-use property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,414,918

  6.5%

  $1,306,078

  7%

  $1,212,787

• Comparable approach

  Method

  Valuation

  Relative Method

  $869,922

  Geo Method

  $869,922

• Alternative Use

  Use

  Valuation

  Residential

  $1,306,078

  Hospitality

  $1,196,360

  Educational

  $995,358

  Medical

  $1,029,590

  Retail

  $1,548,334

Location Insight

City

Bridgeville

County

Allegheny

State

Pennsylvania

Latitude

40.3572

Longitude

-80.1132

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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