90 Chamber PlzCharleroi, PA 15022

Property Details for 90 Chamber Plz

Lot size

16.53 AC

Property type

Investment properties

Property subtype

Live-work space

APN

160-011-00-00-0001-01A

APU

1600110000000101A

Description

This exceptional 3,000-square-foot medical office building in Charleroi, Pennsylvania, presents a unique investment opportunity. Located at 90 Chamber Plaza, this single-story Class C building sits on a 0.81-acre lot within the River Front District zoning. Currently vacant, the property offers significant potential for redevelopment or immediate occupancy. The building boasts six individual offices, three bathrooms, a breakroom, a dedicated X-ray room with existing power, two storage/conference rooms, a record storage area, and two reception areas. Ample parking is available for over 20 vehicles. The property is sold via a Chattel Deed, meaning ownership is for the building itself. The underlying land is leased until February 9, 2039, with the current owner open to discussions regarding lease extensions and terms for new tenants. This presents a flexible ownership structure for prospective buyers. The asking price is $150,000, translating to $50 per square foot. This is an excellent opportunity to acquire a well-situated medical office building in a desirable location with considerable upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $171,378,560

  6.5%

  $158,195,600

  7%

  $146,895,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $143,966,192

  Geo Method

  $143,966,192

• Alternative Use

  Use

  Valuation

  Residential

  $196,162,544

  Hospitality

  $179,683,840

  Educational

  $149,494,848

  Medical

  $154,636,192

  Retail

  $232,547,536

Location Insight

City

Charleroi

County

Washington

State

Pennsylvania

Latitude

40.1412

Longitude

-79.8985

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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