535 Freeport RdCreighton, PA 15030
- Retail properties
- 0.15 AC
Property Details for 535 Freeport Rd
- Lot size
- 0.15 AC
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 841-F-305
- APU
- 841F305
Description
This exceptional commercial property, situated on a highly visible 0.15-acre lot at 535 Freeport Road in Creighton, PA, presents a unique investment opportunity. The main structure is a well-maintained three-bay garage featuring expansive ceiling heights. Two bays measure 38x33 feet and include a heavy-duty drive-on auto lift rack, while a third bay measures 26x20 feet and is equipped with a Challenger heavy-duty two-post auto lift. The garage also boasts ample shelving, a waste oil furnace, and a gas furnace. Adjacent to the garage is a separate reception area (17x14 feet) with large windows, ceramic tile floors, and a restroom. A 12x11-foot office, freshly painted, provides additional space. A utility room houses the furnace and hot water tank. The property also includes a two-story metal storage building, adding significant storage capacity. The entire property benefits from abundant overhead lighting, glass block windows, and an included air compressor with air lines. Existing shelving, a desk, and a table will remain with the property. This location offers excellent visibility and accessibility, with close proximity to Route 28 and the Pennsylvania Turnpike. The property is ready for immediate occupancy and presents a versatile space suitable for a variety of commercial uses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,018,548
- 6.5%
- $1,863,275
- 7%
- $1,730,184
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,656,534
- Geo Method
- $3,242,771
-
Alternative Use
- Use
- Valuation
- Residential
- $1,571,742
- Hospitality
- $1,439,708
- Educational
- $1,197,820
- Medical
- $1,239,015
- Retail
- $1,863,275
Location Insight
- City
- Creighton
- County
- Allegheny
- State
- Pennsylvania
- Latitude
- 40.5761
- Longitude
- -79.7784
- 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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