616 Midland AveMidland, PA 15059

  • Retail properties
  • 3,414 SF
For Sale
$229,000 View listing

Property Details for 616 Midland Ave

Year built
1967
Lot size
0.06 AC
Property size (Sq ft)
3,414 SF
Property type
Retail properties
Property subtype
Banks
APN
33-005-0208.000
APU
330050208000

Description

This exceptional commercial property at 616 Midland Ave, Midland Boro, PA 15059, presents a unique investment opportunity. The 3,300-3,400 square foot building, formerly a bank, has undergone a complete renovation, boasting modern upgrades while retaining its classic charm. The brick structure features new flooring, furnaces, and electrical systems, ensuring efficient and comfortable operation. Abundant natural light floods the interior through large windows, creating a bright and inspiring workspace. The layout is versatile, offering ample space for various business needs. Upstairs, you'll find spacious offices, a conference room, and bathrooms on each floor. Downstairs includes three offices, a kitchen area, and substantial storage space. Convenient private parking is located at the rear of the building, supplemented by an additional lot enclosed by an attractive wrought iron fence, offering potential for outdoor use or expansion. This property is ideally situated in Midland, Pennsylvania, providing easy access to local amenities and transportation. The asking price is $229,000. This is a rare chance to acquire a move-in ready commercial building in a desirable location. Don't miss this opportunity to establish your business in a renovated, well-equipped space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $954,419
    6.5%
    $881,002
    7%
    $818,074
  • Comparable approach

    Method
    Valuation
    Relative Method
    $804,751
    Geo Method
    $804,751
  • Alternative Use

    Use
    Valuation
    Residential
    $743,158
    Hospitality
    $680,729
    Educational
    $566,359
    Medical
    $585,837
    Retail
    $881,002
616 Midland Ave, Midland, Pennsylvania

Location Insight

City
Midland
County
Beaver
State
Pennsylvania
Latitude
40.6382
Longitude
-80.4552
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
2024
$4,451
$10,750
$91,750
$102,500
-
$21,500
$183,500
$205,000

FAQs

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