501 Mckean AveCharleroi, PA 15022

  • Mixed-use properties
  • 0.15 AC
For Sale
$2,500 View listing

Property Details for 501 Mckean Ave

Lot size
0.15 AC
Property type
Mixed-use properties
Property subtype
Other investment properties
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
501 Mckean Ave, Charleroi, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,322
$16,100
$248,100
$264,200
-
$16,100
$248,100
$264,200

FAQs

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