618 Fallowfield AveCharleroi, PA 15022

Property Details for 618 Fallowfield Ave

Lot size

0.05 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

160-012-00-02-0020-00

APU

1600120002002000

Description

This captivating historic storefront building at 618 Fallowfield Ave, Charleroi, PA, presents a unique investment opportunity. The main level features beautiful original hardwood floors and ample space, perfect for a variety of retail or commercial ventures. A separate area on the main level is ideally suited for an additional rental unit, offering flexible income potential. Adding to the income stream, a second-floor rental unit is currently generating revenue. The property also includes a basement offering additional garage space, suitable for storage or as a rentable asset. The 0.05-acre lot ensures convenient access and visibility. This building's blend of historic charm and functional versatility makes it an exceptional choice for investors seeking both commercial and residential income. Its location in a high-traffic area guarantees excellent visibility and accessibility, maximizing its potential for success. The property is priced at $79,000 and offers a compelling combination of established rental income and significant potential for future growth. The building's size is not specified, but the combination of main level retail space, a separate rental area, a second-floor rental unit, and basement storage provides substantial square footage. This property is ready for a new owner to capitalize on its many income-generating possibilities and prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $528,859

  6.5%

  $488,177

  7%

  $453,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $444,267

  Geo Method

  $444,267

• Alternative Use

  Use

  Valuation

  Residential

  $605,340

  Hospitality

  $554,488

  Educational

  $461,328

  Medical

  $477,193

  Retail

  $717,621

Location Insight

City

Charleroi

County

Washington

State

Pennsylvania

Latitude

40.1397

Longitude

-79.8997

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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