501 Mckean AveCharleroi, PA 15022

Property Details for 501 Mckean Ave

Lot size

0.15 AC

Property type

Investment properties

Property subtype

Live-work space

APN

160-019-00-07-0014-00

APU

1600190007001400

Description

This exceptional 0.15-acre commercial lot, located at 501 McKean Avenue in Charleroi, Pennsylvania, presents a unique opportunity for developers and investors. The property's prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. While the square footage of any existing structures is currently unavailable, the generous lot size provides ample space for new construction or potential redevelopment. The address is strategically situated within the vibrant Charleroi community, providing easy access to local amenities, transportation routes, and a growing customer base. This blank canvas allows for creative freedom in designing a project that perfectly aligns with your business goals. The absence of existing structures eliminates the need for costly demolition or renovation, streamlining the development process and potentially reducing overall project costs. This presents a rare chance to acquire a strategically located parcel of land in a developing area, offering significant potential for future growth and return on investment. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being offered at a price to be determined, reflecting the significant potential it holds for future development. Further details regarding zoning and permitted uses are available upon request. Don't miss this chance to secure a prime piece of commercial real estate in Charleroi, PA.

• CAP approach

  CAP return

  Valuation

  6%

  $1,575,866

  6.5%

  $1,454,645

  7%

  $1,350,742

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,323,803

  Geo Method

  $1,323,803

• Alternative Use

  Use

  Valuation

  Residential

  $1,803,760

  Hospitality

  $1,652,235

  Educational

  $1,374,640

  Medical

  $1,421,916

  Retail

  $2,138,329

Location Insight

City

Charleroi

County

Washington

State

Pennsylvania

Latitude

40.1384

Longitude

-79.8978

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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