102 7Th StGlassport, PA 15045

Property Details for 102 7Th St

Lot size

0.16 AC

Property type

Office properties

Property subtype

Office buildings

APN

558-B-148

APU

558B148

Description

This 35,000 dollar commercial property located at 102 7th Street, Glassport, PA, presents a unique investment opportunity. Situated on a 0.16-acre lot, the building is being sold "as is," meaning the buyer assumes responsibility for all repairs and renovations. Utilities are currently disconnected, requiring the prospective buyer to arrange for their reconnection. The property's interior requires significant work and a flashlight is recommended for interior viewings. The layout offers considerable potential for redevelopment. The existing space includes a sizable reception area (22x18 feet), a filing room (10x22 feet), a main office (13x16 feet), and three exam rooms of varying sizes (7x14, 10x14, and 18x10 feet). The abundance of off-street parking is a significant advantage. A basement is accessible via a locked door located off the reception area. Access to the basement is strictly prohibited until a purchase agreement is finalized. Serious inquiries only. This property is ideal for an investor or business owner seeking a substantial space to customize to their specific needs. The building's former use as a doctor's office suggests a history of professional use, adding to its potential for various commercial applications. Given the "as is" condition, a thorough inspection is strongly recommended before making an offer.

• CAP approach

  CAP return

  Valuation

  6%

  $1,636,320

  6.5%

  $1,510,450

  7%

  $1,402,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,374,588

  Geo Method

  $1,374,588

• Alternative Use

  Use

  Valuation

  Residential

  $1,872,958

  Hospitality

  $1,715,619

  Educational

  $1,427,375

  Medical

  $1,476,464

  Retail

  $2,220,361

Location Insight

City

Glassport

County

Allegheny

State

Pennsylvania

Latitude

40.3241

Longitude

-79.8931

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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