501 Mckean AveCharleroi, PA 15022
- Mixed-use properties
- 0.15 AC
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
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
Comparable in this City
Similar Nearby for Sale
FAQs
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